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'Shark Tank's' Kevin O'Leary, billionaire Frank McCourt want to buy TikTok

  • A group called The People's Bid for TikTok, led by Frank McCourt, has offered to buy TikTok's U.S. Assets from its parent company, ByteDance.
  • The offer comes before the Supreme Court hears arguments on a law that would ban TikTok in the U.S. If it is not sold by January 19.
  • The group's plan includes redesigning TikTok without its algorithm to comply with U.S. Regulations, as stated by McCourt.
  • The bid faces challenges as ByteDance has stated that TikTok is not for sale and China opposes a forced sale.
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