Project Liberty has submitted a bid to buy TikTok from ByteDance ahead of its Jan. 19 ban. The proposed sale would place the social media site under U.S. ownership. The Supreme Court will hear arguments in TikTok's challenge to the ban on Friday.

Entrepreneur and former Los Angeles Dodgers owner Frank McCourt's Project Liberty and its consortium of partners in The People's Bid said on Thursday they proposed to make a formal bid to ByteDance to buy TikTok's U.

The app’s availability in the U.S. has been thrown into jeopardy over data privacy and national security concerns.

Frank McCourt’s Project Liberty consortium has proposed to buy TikTok’s US assets, securing financial backing for the deal.

As TikTok inches closer to a ban in the US, billionaire Frank McCourt's non-profit organization - 'Project Liberty,' along with a group called

An organization founded by billionaire Frank McCourt, the former owner of the Los Angeles Dodgers, and its partners on Thursday said they made a formal bid to acquire the U.S. assets of TikTok as the popular social media platform faces a possible nationwide ban later this month.

Project Liberty, advised by Kirkland & Ellis LLP, has submitted a formal offer to acquire TikTok's U.S. assets just 10 days before the video-sharing app faces a federally mandated deadline to divest from its Chinese parent,

McCourt's Project Liberty proposes a bid for the US operations of TikTok. McCourt's Project Liberty Proposes Bid

With the future of TikTok’s ownership hanging in the balance, two uber-rich, politically connected investors are lying in wait, hoping to snag the app if it’s ultimately put on the market.

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. The group, which calls itself The People’s Bid for TikTok and is also backed by “Shark Tank”-famous investor Kevin O’Leary,