Reddit co-founder and investor Alexis Ohanian has joined billionaire Frank McCourt’s bid to acquire TikTok as a strategic adviser specializing in social media, Reuters reports.

According to Reuters, venture capitalist Alexis Ohanian, the co-founder of Reddit, is joining businessman Frank McCourt in his bid to buy TikTok in the U.S. "He has that broad portfolio of experience … of where social media was and, I think, a keen understanding of where it’s evolving," McCourt told Reuters.

Reddit co-founder Alexis Ohanian announced Monday that he is joining a US bid to buy TikTok, becoming a strategic advisor to the effort.