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TikTok could fetch $100 billion, according to Semafor. McCourt said he has hired Guggenheim Securities to advise him on the bid, including sources of financing.
Billionaire businessman and real estate mogul Frank McCourt said he’s putting together a consortium to purchase TikTok’s U.S. business, adding to the number of investors hoping to benefit...
McCourt is putting together a bid to buy TikTok from Chinese technology company ByteDance, which faces a U.S. ban at the end of this year unless it sells the wildly popular app.
Frank H. McCourt Jr. (born August 14, 1953) is an American business executive and philanthropist. As of 2023, he is the executive chairman and former CEO of McCourt Global, owner of the football club Marseille and founder and executive chairman of international non-profit Project Liberty.
Benjamin Eli Smith (born November 4, 1976) is an American journalist who is the co-founder of Semafor, a global news organization he formed with Justin Smith in early 2022. He was previously a media columnist at The New York Times from 2020 to 2022.
Justin B. Smith (born August 13, 1969) is an American media executive. He co-founded Semafor, a global news organization in 2022. He was previously the chief executive officer of Bloomberg Media Group. Before joining Bloomberg, Smith worked for Atlantic Media, The Week magazine and The Economist.
(Reuters) -Entrepreneur and former Los Angeles Dodgers owner Frank McCourt said on Wednesday his organization, Project Liberty, is forming a consortium to buy social media platform TikTok in...
Pulitzer Prize for Biography or Autobiography in 1997. Signature. Francis McCourt (August 19, 1930 – July 19, 2009) was an Irish-American teacher and writer. He won a Pulitzer Prize for his book Angela's Ashes, a tragicomic memoir of the misery and squalor of his childhood.
Real estate billionaire Frank McCourt is organizing a bid to buy TikTok, as the app’s China-based parent company ByteDance faces down a potential U.S. ban if it doesn’t sell the platform ...
Frank McCourt's Project Liberty is organizing a group that would offer to buy TikTok and revamp it to allow its continued U.S. operation under a new law requiring its divestment or ban.