According to the New York Post, McCourt has secured $20 billion in investor backing for a potential acquisition of TikTok’s US operations from its China-based parent ByteDance.
McCourt owns an Internet company called Project Liberty, which includes a commercial arm and a nonprofit research institute. At the same time, TikTok’s potential buyer has received “informal commitments” from investors. Therefore, additional rounds of negotiations will likely follow.
McCourt has said in various interviews that his company is “uniquely positioned to take over TikTok.” He guarantees that if he manages to buy the social network, he will first pay attention to the security of the users.
“The technology we created respects and tracks people by giving them back ownership and control of their identities and data. This is possible because we are not influenced by foreign players, we are not dependent on large technology companies, and we have created the necessary technologies that can support this powerful platform loved by more than 170 million Americans,” he said.
Source: Ferra
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