The parent company of TikTok has offered US employees the chance to sell shares they might hold in ByteDance, a privately owned company, which could have a knock-on effect on any eventual sale of the social media app.

Frank McCourt announced on Monday that Alexis Ohanian has joined his bid to acquire TikTok's U.S. operations specializing in social media.

Reddit co-founder Alexis Ohanian has joined with Frank McCourt and “Shark Tank” star Kevin O’Leary in their bid to acquire TikTok from its Chinese parent company, ByteDance, the group ...