O'Leary is teaming up with billionaire Frank McCourt to make a play for the app, which faces a nationwide-looking U.S. ban. How Frank McCourt wants to fix TikTok The executive chairman of McCourt ...

Why it matters: McCourt has said that he's gotten $20 billion in commitments to his bid but hasn't detailed who the investors are — as the popular app's future has remained in flux.

Led by Frank McCourt, Project Liberty has long been an advocate of reforming how social media companies gather data on users. Project Liberty, the consortium of investors led by billionaire Frank ...