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,

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

With the prospect of TikTok disappearing in the U.S., creators on the app spent the week posting heartfelt goodbyes to their fans.

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. On its face, what the Supreme Court upholds is misleading.

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.

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.

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.

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.

Frank McCourt, Project Liberty founder and former Los Angeles Dodgers owner, joins 'Squawk on the Street' to discuss McCourt's bid for TikTok, if the Chinese would agree to Project Liberty's bid, and much more.