""We're just standing by and waiting to see what happens," investor Frank McCourt told BBC News."
""But if the moment arrives, we're prepared to move forward... we've raised the capital to buy it - we'll see.""
"The president has also said "sophisticated" US investors would acquire the app, including two of his allies: Oracle chairman Larry Ellison and Dell Technologies' Michael Dell."
Frank McCourt says he is prepared to buy TikTok's US operations and has raised the necessary capital, but remains on standby pending US action. The United States has repeatedly pushed back the deadline requiring ByteDance to sell its American operations or face a ban, under a 2024 law citing national security concerns over potential Chinese government access to US user data. The law was signed by President Biden and upheld by the Supreme Court in early 2025. President Trump appears poised to extend the deadline again. No formal approval from ByteDance or Beijing has been announced, and analysts expect another extension.
Read at www.bbc.com
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