The internet advocacy group's proposed purchase would bring TikTok under American ownership and prevent it from being banned in the U.S.

Billionaire Frank McCourt's Project Liberty and several partners offered few details on their plan to buy the U.S. assets of the platform, announced the day before the high court will decide its fate.

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.

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,

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

Project Liberty, an internet advocacy group led by Frank McCourt, declared on Thursday that it had offered to purchase the social networking platform from ByteDance, a Chinese technology company. TakeAway Points: An offer has been made by Project Liberty to purchase TikTok from ByteDance prior to its prohibition9.

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