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Billionaire McCourt says he is open to teaming up on a TikTok bid

24/1/2025 16:22
U.S. businessman Frank McCourt is open to teaming up with other buyers on a bid to take over the U.S. operations of TikTok as long as he can maintain control of the asset, he told Reuters at the Davos event on Thursday.



The billionaire declined to share details on his sources of financing, but said private equity firms and family offices have reached out to provide options.



"Capital is not the issue here. The issue here is waiting for ByteDance, or the Chinese government to make a decision about the future of U.S. TikTok," said McCourt, who spoke on the sidelines of the World Economic Forum in Davos, Switzerland.



The flexibility in his much-publicized bid came shortly after U.S. President Donald Trump signed an executive order on Monday delaying the enforcement of a ban on the Chinese-owned popular short-video app by 75 days.



Trump also said this week he "would like the United States to have a 50% ownership position in a joint venture" in TikTok, and that he was open to billionaires Elon Musk or Larry Ellison, chairman of Oracle, buying the social media app.



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