Reddit’s co -founder, Alexis Ohranian, has joined the Frank McCourt star and “Shark Tank” Kevin O’leary in their attempt to get Tiktok from his Chinese parent company, Bytedance, the group reported on Monday.
Ohranian, a capitalist of the entrepreneurship and executive chairman of the Reddit, will serve as a “strategic adviser”. McCourt has referred to his plans to buy Tiktok as “people’s offer” and wants to rebuild the application algorithm on American soil.
“The role of Alexis Ohranian as a Strategic Project Freedom Adviser and the people’s offer to Tiktok brings invaluable expertise for our initiative,” McCourt said in a statement. “His unique vision and deep personal commitment to strengthening users through social media platforms perfectly match our transformative approach.”
President Trump has until April 5 to find an American buyer for Tiktok before his executive order delayed the implementation of a federal ban on the expiration application. Tiktok briefly went out of line in January after bydance lost a January 19th term to completely deviate.
McCourt has said his offer will satisfy US national security concerns about tiktok – partly by rebuilding the app on a decentralized blockchain platform called “frequency” that will allow users to control how they use and earn their data.
Ohranian, who is married to tennis superstar Serena Williams, quoted the group’s plan as a major reason why he decided to come on board.
“I have passed all my career building technology that turns power into people’s hands – this is what excited me for people’s offer,” Ohranian said. “This is not just about tiktok, it has to do with the essential renewal of how the Internet works.”
McCourt and O’Leary submitted their offer to buy Tiktok in early January and have said they have at least $ 20 billion in investors’ engagements.
But as the April 5 deadline approaches, it remains unclear if byntedance – and the Chinese government – will allow a forced sale to occur.
Apple and Google briefly banned Tiktok’s downloads in response to Congress detention, but later reinstated access after receiving guarantees from Trump’s Prosecutor General Pam Bond that they would not face the fine.
Trump is said to have captured Vice President JD Vance to oversee the possible sale. He has also navigated the possibility of somewhat extending the sales window, though it is unclear if he has the authority to do so.
In addition to the McCourt -led offer, Trump has suggested that Microsoft and billionaire Oracle Larry Ellison may be included in a Tiktok deal.
The owner of X Elon Musk has said that he does not plan to be included despite suggestions to the contrary.
Other bidders include a group led by technology entrepreneur Jesse Tinsley and YouTube star “Mrbeast”, whose real name is Jimmy Donaldson.
As the post reported last month, a recent national study showed that 77% of Americans are concerned about the constant Chinese ownership of Tiktok.
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