Is It a Realistic Bid?
McCourt says he is heading up a consortium that “has secured expressions of interest of over $20 billion in capital” but also has access to “a vast network of supporters, and the technology needed to protect the privacy of 170 million Americans using TikTok”.
McCourt certainly has clout as former CEO of McCourt Global and has committed $500 million to fighting for a safe, healthier internet. TikTok would become a model to test this vision of the web if the bid is successful.
Canadian politician and businessman, O’Leary, is best known as one of the hosts of ABC reality series “Shark Tank.” He is also the chairman of a capital investment platform called O’Leary Ventures as well as chairman of an investment service called Beanstox. O’Leary said in a Fox News interview that the consortium needs the support of Donald Trump to make a success of the bid.
