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.

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,

Project Liberty, an organization led by billionaire Frank McCourt, has made an offer to ByteDance to purchase TikTok's U.S. assets.

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

Business moguls should be prepared to spend tens of billions of dollars for TikTok’s U.S. operations should parent company ByteDance decide to sell.

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

Jan 9 (Reuters) - Entrepreneur and former Los Angeles Dodgers owner Frank McCourt's Project Liberty ... they proposed to make a formal bid to ByteDance to buy TikTok's U.S. assets.

TikTok will be banned in the US on 19 January - unless the Supreme Court accepts a last ditch legal bid from its Chinese owner, ByteDance, that to do so would be unconstitutional.

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.

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. New York (CNN ...