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.

With the future of TikTok’s ownership hanging in the balance, two uber-rich, politically connected investors are lying in wait, hoping to snag the app if it’s ultimately put on the market.

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

Investor Kevin O’Leary has announced plans to purchase TikTok, with the popular social media platform facing a potential U.S. ban. O’Leary, known for his role on Shark Tank, has teamed up with billionaire Frank McCourt to lead a bid to save TikTok from being shut down in the U.

The app’s availability in the U.S. has been thrown into jeopardy over data privacy and national security concerns.

Shark Tank’s Kevin O’Leary — a.k.a. “Mr. Wonderful”—said he’s nearing a deal to buy TikTok from its Chinese-owned parent company ByteDance to avoid the U.S. ban on the social media app.

With TikTok facing a potential U.S. ban, investor Kevin O’Leary has announced plans to purchase the popular social media platform. O’Leary, known for his role on Shark Tank, has teamed up with billionaire Frank McCourt to lead a bid to save TikTok from being shut down in the U.

‘Shark Tank’ investor Kevin O’Leary is hoping to buy TikTok from ByteDance. The potential acquisition comes at a crucial time for the platform, which has over 170 million users in the United States alone.

TikTok might soon face a U.S. ban, but Shark Tank’s Kevin O’Leary isn’t sitting idly by.  He’s teamed up with Dodgers owner Frank McCourt to make a major

Investor and entrepreneur Kevin O'Leary, known for his appearances on "Shark Tank," announced on Monday that he has joined forces with The People's Bid for TikTok in an attempt to purchase the social media platform before the Jan.