---
title: "American real estate tycoon forms consortium to bid for TikTok's U.S. assets"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/224505348.md"
description: "American real estate tycoon Frank McCourt's Project Liberty and its consortium partners have submitted a proposal to ByteDance to acquire TikTok's U.S. assets. McCourt stated that the plan aims to keep the platform vibrant without relying on the current algorithm, avoid a ban, and ensure that U.S. users continue to use TikTok. The consortium looks forward to working with ByteDance and the new government to complete the transaction, but the proposed value has not been disclosed. The plan aims to migrate the user base to U.S. digital infrastructure and regain control of the data. ByteDance must complete the sale by the 19th, or it will face a ban"
datetime: "2025-01-10T01:12:28.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/224505348.md)
  - [en](https://longbridge.com/en/news/224505348.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/224505348.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/224505348.md) | [繁體中文](https://longbridge.com/zh-HK/news/224505348.md)


# American real estate tycoon forms consortium to bid for TikTok's U.S. assets

American real estate tycoon and former owner of the Los Angeles Dodgers of Major League Baseball, Frank McCourt, along with his Project Liberty and its partner consortium in The People's Bid, announced that they have submitted a proposal to acquire TikTok's U.S. assets from the Chinese company ByteDance. McCourt stated in a statement that by keeping the platform vibrant without relying on the current TikTok algorithm and avoiding a ban, millions of Americans can continue to enjoy the platform. They look forward to working with ByteDance, President-elect Trump, and the incoming administration to complete the deal. The consortium did not disclose the proposed value. Project Liberty plans to migrate TikTok's user base to a digital infrastructure built in the U.S., aiming to allow people to regain control over their data and relationships. According to a law signed by President Biden last April, ByteDance must sell the platform before the deadline of the 19th of this month, or it will be banned

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