Other potential buyers include the philanthropist Frank Mccourt ’s Project Liberty, which is raising capital to make a bid for TikTok in order to “rearchitect the platform” and protect user data. McCourt is a billionaire who previously owned the Los Angeles Dodgers baseball team. The project is supported by the social psychologist Jonathan Haidt.

There's a growing list of major tech executives possibly interested in buying TikTok. President Trump signed an executive order last week pausing a ban on the app from taking effect for 75 days while his administration explores a potential sale or investment.

United States President Donald Trump on Monday told reporters that Microsoft is in talks to acquire the video-sharing platform TikTok and that he would like to see a bidding war over the app.Microsoft denied to comment on this,