McCourt’s Project Liberty advocacy group submitted a bid to buy the U.S. assets of TikTok in early January with plans to run the app on the group’s technology, which aims to let users choose how their data will be used and shared. TikTok has sued to block the U.S. ban, but the Supreme Court upheld it in a decision last month.
The Broward-based company's CEO told the Business Journal how the firm beat Morgan Stanley as the lead underwriter for the TikTok bid, raising soft commitments from several high-profile investors in just one week.