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 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