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 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.

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.