An investor group led by Project Liberty founder Frank McCourt has submitted a formal buyout offer for TikTok's U.S. operations ahead of the upcoming divestment deadline.

The People's Bid for TikTok consortium includes major private equity firms, family offices, and high-net-worth individuals, backed by debt financing from a major U.S. bank. While the exact offer amount remains undisclosed, previous reports suggested capital commitments of around $20 billion.

Key Points of the Offer:

• Proposal would implement an American-made tech stack
• Deal excludes TikTok's current algorithm
• Aims to prevent a platform ban while maintaining service for U.S. users

Current Situation:

• January 19th ban deadline approaching
• ByteDance has historically opposed selling
• Supreme Court appears unsympathetic to TikTok's legal arguments
• President Biden could grant a 90-day extension
• President-elect Trump may revive the app after taking office

Market Outlook:

• Kalshi odds indicate 68% chance of U.S. TikTok ban before May
• Evercore ISI analyst estimates 20-25% probability of ban implementation
• Competitors like Triller are positioning to capture users if ban proceeds

The outcome remains uncertain as multiple factors converge: the impending deadline, potential administrative changes, and ByteDance's willingness to negotiate. The success of this buyout offer could determine TikTok's future in the United States.

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