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.

ByteDance, TikTok’s parent company, is required to sell the app to a U.S.-based buyer or face a nationwide ban.

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,

For now, TikTok’s ability to operate stateside hangs in the balance after the Supreme Court upheld the law demanding that TikTok divest from its Chinese owner or face a ban.

The Supreme Court unanimously chose to uphold the TikTok ban-or-sell legislation. Here's what that means for the app and its U.S. users.

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.

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

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.

Olympique de Marseille’s owner Frank McCourt has announced via a group he created called Project Liberty that he is planning to put together a consortium of investors to buy the US operations of

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.