Real estate billionaire Frank McCourt is organizing a bid to buy TikTok, as the app’s China-based parent company ByteDance faces down a potential U.S. ban if it doesn’t sell the platform within the next year. McCourt, former owner of the Los Angeles Dodgers and executive chairman of investment firm McCourt Global, said Wednesday that he is putting together a bid for his organization Project Liberty to acquire TikTok “with the goal of placing people and data empowerment at the center of the platform’s design and purpose.” He is proposing to migrate the popular social media platform to a digital open-source protocol, according to a press release. “The foundation of our digital i
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