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 and Seven Seven Six partner Alexis Ohanian has joined billionaire Frank McCourt's bid to acquire TikTok, serving as a strategic advisor specializing in social media, according to Reuters.