Positioning to buy TikTok amid ban threat
The following is a transcript of an interview with business executive Frank McCourt on “Face the Nation with Margaret Brennan” that aired on Dec. 8, 2024.
MARGARET BRENNAN: A panel of federal judges in DC last week upheld a new law that could effectively ban the popular social media app TikTok by mid-January if its Chinese owners do not sell it to a new buyer. Frank McCourt, the Executive Chairman of McCourt Global, and founder of Project Liberty, is one of the potential buyers, and he joins us now. Good to see you here.
FRANK MCCOURT: Good morning.
MARGARET BRENNAN: So TikTok says, well, they might go to the Supreme Court on this one. If they don’t, their parent company, ByteDance, has said they’re not interested in selling. Do you have any indication that they will and that …