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Billionaire investor Frank McCourt is not giving up on his dream of acquiring TikTok
Frank McCourt, former owner of the Los Angeles Dodgers, is scrutinizing the legality of the Trump administration's proposed TikTok sale. He believes the publicly available information about the deal is inadequate and doesn't fully address national security concerns. McCourt has enlisted experts to analyze the deal due to missing details and ongoing US-China trade tensions.Project Liberty, a non-profit initiative led by McCourt, previously bid to acquire TikTok without its algorithm. Their offer valued TikTok's US operations at $20 billion, exceeding the White House-brokered deal's valuation. The White House deal's ownership structure and justification for its lower valuation remain unclear.Furthermore, China's stance on the deal is uncertain, with no comments from the Chinese government or ByteDance's presence at the signing. McCourt hasn't decided whether to challenge the deal but is focused on the privacy safeguards being implemented. He emphasizes the importance of user data privacy in the digital age.McCourt aims to develop Project Liberty's technology into an AI agent for controlling personal data sharing. The goal is to empower users to manage their information online and interact securely with AI systems. He views big tech as excessively collecting and manipulating user data, underscoring the need for privacy.