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.

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.

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,

Frank McCourt, a billionaire investor who has campaigned to make the internet safer through his Project Liberty foundation, has made a bid for TikTok. McCourt told NBC News' Kate Snow that he will make "fundamental" changes to the app if his bid is successful.

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.

New York (CNN) — 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.

Billionaire Frank McCourt expressed confidence in meeting the Supreme Court's criteria regarding the potential sale of TikTok. He claims to have a solution for keeping TikTok in the U.S., presenting this during a CNBC interview as something beneficial for President-elect Trump.