Billionaire McCourt says he is open to teaming up on a TikTok bid [Video]

– US businessman Frank McCourt is open to teaming up with other buyers on a bid to take over the US operations of TikTok as long as he can maintain control of the asset, he told Reuters at the Davos event on Jan 23.

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

“Capital is not the issue here. The issue here is waiting for (TikTok parent) ByteDance, or the Chinese government to make a decision about the future of US TikTok,” said Mr McCourt, who spoke on the sidelines of the World Economic Forum in Davos, Switzerland.

The flexibility in his much-publicised bid came shortly after US President Donald Trump signed an executive order on Jan 20 delaying the enforcement of a ban on the Chinese-owned popular short-video app by 75 days.

Mr …