With TikTok potentially facing a ban in the U.S., business magnate Kevin O’Leary, known for his role on Shark Tank, has revealed plans to acquire the widely used social media app. Joining forces with billionaire Frank McCourt, O’Leary aims to prevent TikTok from being closed down in the U.S. This bold move has ignited interest as the deadline for TikTok draws near, leading many to question whether Kevin O’Leary is indeed purchasing TikTok.
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Is Kevin O’Leary buying TikTok amid US Ban?
Due to the possibility that TikTok might get banned in the U.S., there’s growing interest in buying the app. Notable investors like Kevin O’Leary and Frank McCourt are teaming up for a potential acquisition. The push comes as U.S. legislators have set a firm deadline: ByteDance, TikTok’s parent company, must sell its American operations by January 19, 2025, or risk a nationwide ban that would isolate millions of American users from the platform.
As a dedicated gamer and supporter of online privacy, I, Frank McCourt, spearhead an ambitious project called “The People’s Bid for TikTok.” Working alongside a team of like-minded investors, we aim to acquire this popular platform with a mission to safeguard American user data and champion privacy rights. We’ve secured verbal promises totaling up to $20 billion in funding, positioning our bid as a formidable contender for the takeover.
Regarding the proposed purchase, O’Leary highlighted that this transaction involves far more than simply acquiring TikTok’s U.S. properties. He stated, “This is about something far greater: ensuring the privacy of 170 million American users. It’s about fostering creativity and supporting small businesses. And it’s about constructing a platform that values people over automated systems.” However, it seems that the deal could hinge on Trump’s approval as the deadline approaches. The investment by Kevin O’Leary and Frank McCourt in TikTok might significantly alter the course of the platform within the U.S.
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2025-01-08 15:40