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.

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.

The law gives the president the option to extend the ban by 90 days, but triggering the extension requires evidence that parties working on purchasing have made significant progress, including binding legal agreements for such a deal — and TikTok’s parent company, ByteDance, hasn’t publicly updated its stance that the app is not for sale.

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,

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

The high-profile names who could potentially buy TikTok following the Supreme Court's decision to uphold the law banning the platform in the US.

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.

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 is set to hear opening arguments in ByteDance’s case to block a sale.

O'Leary is teaming up with billionaire Frank McCourt to make a play for the app, which faces a nationwide-looking U.S. ban.

Musk, MrBeast, investor and "Shark Tank" host Kevin O'Leary and Los Angeles Dodgers owner Frank McCourt's Project Liberty have been the names primarily connected to the purchase of TikTok.