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.

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 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.

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.

The law gives the president the option to extend the ban by 90 days, but triggering the extension requires evidence that parties working on purchasing have made significant progress, including binding legal agreements for such a deal — and TikTok’s parent company, ByteDance, hasn’t publicly updated its stance that the app is not for sale.

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,

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.

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

President Donald Trump said he would be open to billionaire supporter Elon Musk or Oracle Corp. Chairman Larry Ellison purchasing social video app TikTok as part of a joint venture with the US government.

O’Leary, the Trump-supporting investor and “Shark Tank” star, is joining former L.A. Dodgers owner Frank McCourt’s bid to purchase TikTok. Here’s what McCourt’s group is looking to accomplish.

"Shark Tank" star Kevin O'Leary is teaming up with billionaire Frank McCourt on a long shot effort to buy TikTok. O'Leary and the former Los Angeles Dodgers owner are part of a group called "The People's Bid for TikTok," which said on Thursday it had ...

Mr. Wonderful” Kevin O’Leary is partnering up with another investor in a bid to save TikTok and hopes China and the Supreme Court will allow them to make it “wonderful