ByteDance, TikTok’s parent company, is required to sell the app to a U.S.-based buyer or face a nationwide ban.

"Shark Tank" investor Kevin O'Leary details how he and partner Frank McCourt would improve TikTok if their bid to purchase its U.S. assets from ByteDance is successful.

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

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.

Kevin O'Leary said he met with President-elect Donald Trump to discuss his bid to buy TikTok, which is facing a possible ban in the United States.

Business moguls should be prepared to spend tens of billions of dollars for TikTok’s U.S. operations should parent company ByteDance decide to sell.

Kevin O'Leary offers $20 billion in cash to purchase TikTok, as the platform faces a national security ban deadline.

TikTok is a key tool for the success of many small businesses in America. Kevin O'Leary says six million businesses use the app to sell products, find customers and make money. If TikTok is shut down, it would cause big problems for these businesses.

Investor Kevin O’Leary announced a $20 billion cash bid to purchase TikTok from ByteDance, its Chinese parent company, during a Fox News interview. The offer comes as the Supreme Court upheld a bipartisan law forcing ByteDance to divest from TikTok, citing national security concerns.

TikTok said it will have to “go dark” this weekend unless the outgoing Biden administration assures the company it won’t enforce a shutdown of the popular app after the Supreme Court on Friday unanimously upheld the federal law banning the app unless it’s sold by its China-based parent company.