McCourt wants to build a decentralized version of the internet where individual users, rather than tech companies, own the reams of data spawned by their online lives.

A group formed by billionaire entrepreneur and former Los Angeles Dodgers owner Frank McCourt has made a formal offer to buy TikTok from its China-based parent company, ByteDance.

Real estate mogul Frank McCourt, who is trying to buy TikTok's U.S. arm, reiterated his investor group's ability to make a deal and still comply with the Supreme Court's ruling on Friday. Why it matters: Billionaire McCourt says he has the money and the technology to keep TikTok running on American phones.

A group led by Kevin O'Leary and billionaire Frank McCourt said it had submitted a bid for TikTok to the video app's Chinese owner Bytedance.

The Supreme Court is set to hear opening arguments in ByteDance’s case to block a sale.

The popular platform could be banned on Jan. 19 under a federal law, while many parties have expressed interest in buying the asset.

Businessman Frank McCourt is "open-minded" to keeping TikTok's existing investors, including the founder, involved after any deal to buy the U.S. operations of the Chinese-owned short-form video app,

As the Supreme Court considers whether to ban TikTok in the U.S., several companies and billionaires have been rumored to be, or have expressed interest in, buying ByteDance’s popular social ...

Olympique de Marseille’s owner Frank McCourt has announced via a group he created called Project Liberty that he is planning to put together a consortium of investors to buy the US operations of

Frank McCourt has expressed a willingness to retain TikTok's existing investors in the deal to acquire its U.S. operations from ByteDance. The bid, valued at $20 billion, includes contingencies to address national security concerns.

The high-profile names who could potentially buy TikTok following the Supreme Court's decision to uphold the law banning the platform in the US.

"Shark Tank" investor Kevin O'Leary details how he and partner Frank McCourt would improve TikTok if their bid to purchase its U.S. assets from ByteDance is successful.