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.

U.S. businessman Frank McCourt 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, he told Reuters at the Davos event on Thursday.