Reddit co-founder Alexis Ohanian joins Frank McCourt’s TikTok bid as ‘strategic adviser’
Reddit co-founder Alexis Ohanian worked with Frank McCourt and “Shark Tank” star Kevin O'Leary to acquire Tiktok from Chinese parent company Bytedance. The group announced on Monday. Ohanian, a Reddit venture capitalist and Onetime executive chairman, will serve as a “strategic advisor.” McCourt calls the plan to buy Tiktok “people bids” and wants to rebuild […]
Frank McCourt’s TikTok bid has $20B in ‘informal commitments’: report
Billionaire Frank McCourt reportedly secured $20 billion in pledges from investors for a potential Chinese-owned acquisition of TikTok, but a federal appeals court on Friday will force him to sell the app. The effort could gain momentum after Congress supported legislation. McCourt's Project Liberty, an Internet-focused company that includes the for-profit sector and a nonprofit […]