Frank McCourt Plans Bid for TikTok

Frank McCourt, the former owner of the Los Angeles Dodgers, is planning a significant bid for TikTok, aiming to overhaul the app's business model. He has secured $20 billion in funding and intends to give users more control over advertisements and content, while exploring revenue through e-commerce and data licensing, contingent on user consent. However, challenges persist, including TikTok's claims that it cannot be separated from its owner, ByteDance, due to restrictions on its content recommendation algorithm imposed by the Chinese government. McCourt's bid would exclude this algorithm to simplify negotiations. A Supreme Court decision is pending, which could mandate a sale of TikTok's U.S. operations over national security concerns, with McCourt optimistic about favorable outcomes. He has begun preliminary discussions with political figures regarding his plans and is also seeking a new CEO for TikTok.