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Frank McCourt, the billionaire who wants to buy TikTok, says the path to a sale is murky because 'we don't know what ByteDance is selling'
Frank McCourt, a billionaire who wants to buy TikTok, told BI that the details of a potential sale of the app are made murky by ByteDance's secrecy.
Through Project Liberty, McCourt,the former Dodger's owner and real estate developer, has put together a bid worth over $20 billion to purchase TikTok and usher in what he calls the dawn of an "alternative, upgraded internet" that allows users more control of their own personal data. Others, such as Chelsea Manning, the former Army intelligence analyst sentenced to 35 years in prison over her 2010 leak of classified government information, publicly promote decentralized security solutions to enhance user privacy amid concerns about cyber surveillance. If McCourt is able to acquire TikTok, the platform's existing 170 million users wouldcome with the brand — and he's not worried that ByteDance has reportedly shut down any talks of sellingthe app's signature algorithm, declaring it integral to its internal operations; he wouldn't want to buy it if it did.
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