Real estate mogul Frank McCourt is the latest person to raise his hand to try to acquire TikTok's US business. McCourt said on Wednesday that he is assembling a group of specialists, including ...

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.

The project, proposed in 2018 by former Dodgers owner Frank McCourt, requires approval from Metro, the Los Angeles City Council, Caltrans and the state parks agency. None of the other approvals ...