The internet advocacy group's proposed purchase would bring TikTok under American ownership and prevent it from being banned in the U.S.

An organization founded by billionaire Frank McCourt, the former owner of the Los Angeles Dodgers, and its partners on Thursday said they made a formal bid to acquire the U.S. assets of TikTok as the popular social media platform faces a possible nationwide ban later this month.

O’Leary, the Trump-supporting investor and “Shark Tank” star, is joining former L.A. Dodgers owner Frank McCourt’s bid to purchase TikTok. Here’s what McCourt’s group is looking to accomplish.