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.

MrBeast, one of most successful Internet creators, may join a bid by real estate mogul and Project Liberty founder Frank McCourt to buy TikTok's U.S. arm, McCourt told Axios' Sara Fischer in Davos Wednesday.

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.

Frank McCourt’s Project Liberty and other investors have submitted a bid to buy TikTok from China-based ByteDance after a court-ordered divestiture or shutdown.

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.

"Shark Tank" star Kevin O'Leary is teaming up with billionaire Frank McCourt on a long shot effort to buy TikTok ... it had submitted a bid for the video app to Chinese tech giant Bytedance. The consortium has an uphill battle to acquire TikTok, despite ...

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

A board member at TikTok’s parent company said that a deal to save the app from disappearing in the United States will be done soon.

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,

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.

Experts and reporting by Forbes have shown ByteDance and TikTok are significantly ... and 20% is owned by employees. McCourt, worth an estimated $1.4 billion as of Thursday, is an investor and ...