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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 US 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.
The consortium, which did not disclose the value of the proposal, said the financial capacity to complete the…
