Frank McCourt is open to partnerships for acquiring TikTok's U.S. operations, prioritizing control over finances. He plans to migrate users to Project Liberty's platform. McCourt's bid, amidst U.S. government's TikTok scrutiny and judicial actions,

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

Frank McCourt’s Project Liberty and other investors have submitted a bid to buy TikTok from China-based ByteDance after a court-ordered divestiture or shutdown.

U.S. billionaire Frank McCourt told Reuters at the Davos event on Thursday (January 23) that he 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.