This move comes in response to legislative measures requiring the apps sale due to national security concerns.
Were dealing with four different groups, and a lot of people want it.
McCourt has partnered with Reddit co-founder Alexis Ohanian and Shark Tank investor Kevin OLeary.
Neither TikTok nor ByteDance has commented regarding the apps sale.
The urgency surrounding TikToks sale stems from apprehensions about data security and the platforms ownership by a Chinese company.
The U.S. government is seeking to transfer ownership to American companies to mitigate potential risks related to national security.
source: www.techworm.net
