FILE PHOTO: U.S. flag and TikTok logo are seen in this illustration taken January 8, 2025. REUTERS/Dado Ruvic/Illustration/File Photo
(Reuters) - Entrepreneur and former Los Angeles Dodgers owner Frank McCourt's Project Liberty and its consortium of partners in The People's Bid said on Thursday they proposed to make a formal bid to ByteDance to buy TikTok's U.S. assets.
The move comes ahead of a Jan. 19 deadline by which ByteDance has to sell the platform or face a ban under a law signed by President Joe Biden on April 24.
