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Potential TikTok bidder seeks a CEO, prepares business overhaul

Potential TikTok bidder seeks a CEO, prepares business overhaul

FILE PHOTO: A TikTok logo is displayed on a smartphone in this illustration taken January 6, 2020. REUTERS/Dado Ruvic/File Photo

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, he told Reuters.