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, said Thursday it had delivered a proposal to ByteDance to acquire TikTok’s US assets. It did not disclose the value of the offer.