US tycoon launches bid to buy TikTok ...News

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US tycoon launches bid to buy TikTok
Frank McCourt has announced plans to acquire the Chinese-owned social media app’s American business American real estate mogul Frank McCourt revealed on Wednesday that he plans to build a consortium to buy social media app TikTok’s US business from its Chinese owner. The bid comes after US President Joe Biden signed a law in April seeking to force the platform’s owner ByteDance to sell the app or face a complete ban in the country. The law gives ByteDance 270 days to divest from its US business. If it fails to comply, TikTok will be banned from app stores serving American customers. ByteDance, which is challenging

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