Any potential buyer would get the brand name, a video library, and a user base of millions — but have to create the algorithmic technology from scratch.

US billionaire businessman Frank McCourt is crafting a fundamental overhaul of TikTok’s business model as part of a plan to bid for the Chinese-owned short-form video app, he told Reuters. McCourt, who formerly owned the Los Angeles Dodgers baseball team,

Frank McCourt says his bid for TikTok is part of a broader mission to move millions of people to healthier online platforms. “I compare this to large-scale, human physical migration.”

Frank McCourt, a billionaire who wants to buy TikTok, told BI that the details of a potential sale of the app are made murky by ByteDance's secrecy.

American billionaire Frank McCourt is preparing to bid for the Chinese-owned short-form video platform TikTok by radically altering its economic strategy, according to Reuters. TakeAway Points: U.S. billionaire businessman Frank McCourt is crafting a fundamental overhaul of TikTok’s business model as part of a plan to bid for the Chinese-owned short-form video app.

Former Los Angeles Dodgers owner Frank McCourt has been talking about buying TikTok since earlier this year. The long shot is getting shorter.

Billionaire Frank McCourt told Yahoo Finance he is still interested in acquiring TikTok if it isn't able to overturn a federal law that demands the Chinese-owned social media app be sold to a US buyer.

So far, ByteDance has shown zero willingness to spin off TikTok in the US. The Chinese parent company seems to be banking on the Supreme Court or President-elect Donald Trump rescuing the app before it’s banned next month.

Even as TikTok faces a looming ban in the US, Chinese parent company ByteDance Ltd. has made it clear it has no plans to sell the popular video app. Frank McCourt doesn’t seem deterred.

“We’ll take a look at TikTok,” he said, adding that he has a “warm spot” in his heart for the platform because of how he outperformed expectations with young people in November. Frank McCourt, the billionaire former owner of the Los Angeles ...

US billionaire businessman Frank McCourt is crafting a fundamental overhaul of TikTok’s business model as part of a plan to bid for the Chinese-owned short-form video app, he told Reuters.