Link: Frank McCourt's Project Liberty says it made a formal bid to ByteDance to buy TikTok's US assets and keep the app alive without its current algorithm (Jaiveer Singh Shekhawat/Reuters)

Billionaire Frank McCourt has launched a bid through Project Liberty to acquire TikTok's U.S. operations. This move aligns with a government-set deadline on January 19 to avoid a platform ban.

Project Liberty, formed by McCourt, aims to maintain TikTok's availability without relying on its Chinese-origin algorithms.

The financial details of the bid remain undisclosed. However, it includes sufficient backing from private equity, family offices, and major banks.

McCourt expressed his anticipation of collaborating with ByteDance and the incoming U.S. administration. He emphasized the benefit to millions of American TikTok users.

The proposal's acceptance is under scrutiny.

McCourt is confident that Project Liberty's initiative will keep TikTok operational in the U.S., ensuring ongoing access for its users. #

--

Yoooo, this is a quick note on a link that made me go, WTF? Find all past links here.