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Published 28 days ago

Billionaire Frank McCourt says he's putting together a consortium to buy TikTok

  • Frank McCourt is assembling a group to buy TikTok's U.S. business, aiming to prioritize people and data on the platform.
  • The team for the bid includes Frank McCourt, the Dodgers' former owner, and investment bank Guggenheim Securities.
  • McCourt plans to restructure TikTok for more user control by moving it to an open-source system, if the purchase proceeds.
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