As TikTok Runs Out of Options, This Billionaire Has a Plan to Save It
- TikTok hopes Supreme Court will halt ban at final hour
- McCourt is pitching his bid to Congress, Trump’s team
The plan is far from finalized and McCourt faces considerable obstacles to a possible deal.
Photographer: Ore Huiying/BloombergThis article is for subscribers only.
Even as TikTok faces a looming ban in the US, Chinese parent company ByteDance Ltd. has made it clear it has no plans to sell the popular video app. Frank McCourt doesn’t seem deterred.
A real estate mogul and former owner of the Los Angeles Dodgers, McCourt has emerged as a loud and unexpected suitor for the video app, which could be shut down as soon as Jan. 19. He and his team have already spoken with more than 60 elected officials and policymakers about his bid, and held conversations with members of President-elect Donald Trump’s transition team to make his case for a possible deal, he said this month in an interview with Bloomberg.