Venture capitalist and Reddit co-founder Alexis Ohanian has joined billionaire Frank McCourt’s bid to take over TikTok's US operations.

According to a report from Reuters, Olympique de Marseille owner Frank McCourt has announced that he is teaming up with Reddit co-founder Alexis Ohanian in a bid to acquire TikTok’s US operations.

Reddit co-founder Alexis Ohanian has joined a bid led by real estate mogul Frank McCourt to buy TikTok and stave off a US ban, becoming the latest big industry name to covet a slice of the Chinese-owned social media phenom.

Reddit co-founder Alexis Ohanian has joined billionaire Frank McCourt’s bid to acquire TikTok as a strategic adviser. McCourt’s internet advocacy organization, Project Liberty, announced this week that the Ohanian, an investor married to tennis star Serena Williams, had joined a consortium called “The People’s Bid for TikTok”.

Frank McCourt announced on Monday that Alexis Ohanian, the co-founder of Reddit and a venture capitalist, has joined his bid to acquire TikTok's U.S. operations as a strategic adviser specializing in social media.

Reddit cofounder Alexis Ohanian has joined up with Frank McCourt and “Shark Tank” star Kevin O’Leary on their bid to acquire TikTok from its Chinese parent company ByteDance, the group announced

I’ve spent my entire career building tech that puts power back in people’s hands - that’s what got me excited about The People’s Bid.”

Reddit co-founder Alexis Ohanian has joined a bid led by real estate mogul Frank McCourt to buy TikTok and stave off a US ban, becoming the latest big industry name to covet a slice of the Chinese-owned social media phenom.