O'Leary, McCourt Pursue TikTok Amid Legal Challenges

Frank McCourt is seeking to acquire TikTok's U.S. operations and is open to partnerships to facilitate the purchase, emphasizing the importance of retaining control amid regulatory challenges. He views TikTok's user base as valuable but plans to exclude its recommendation algorithm, instead integrating U.S. users into his Project Liberty network. Concurrently, Canadian investor Kevin O'Leary has also expressed interest in a TikTok deal, proposing a $20 billion offer, but acknowledges that current laws hinder any potential transaction. President Trump recently delayed a ban on TikTok, aiming for a 50% U.S. ownership stake, while underscoring the need for a new tech stack that complies with Supreme Court rulings prohibiting the use of TikTok's existing algorithm. Both McCourt and O'Leary are ready to collaborate with the Trump administration and other stakeholders to navigate the legal landscape. However, the ongoing regulatory scrutiny continues to complicate efforts to finalize any acquisition.