"This landmark acquisition would catalyze our long committed desire to usher in the era of an upgraded internet - one that prioritizes safety, democracy, and civil discourse," McCourt told Axios in a statement.
"The technology we are building respects individuals by returning to them ownership and control of their identity and their data, not by surveilling them."
Project Liberty's investor group has made informal commitments of more than $20 billion of capital, indicating strong financial backing for the potential TikTok acquisition.
McCourt believes Project Liberty "is uniquely positioned to assume stewardship of TikTok" due to the tech and governance protocols it prioritizes, focusing on user privacy.
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