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.

In a significant development in the ongoing discourse around TikTok’s future in the U.S., Alexis Ohanian, renowned technology entrepreneur and venture capitalist, has announced his role as a Strategic Advisor for The People’s Bid for TikTok.

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