Kevin O'Leary Bids $20 Billion for TikTok's US Operations Before January 19 Ban

Jan 17, 2025, 11:22 PM

Kevin O'Leary, known from 'Shark Tank,' has made a $20 billion cash offer to purchase TikTok's US operations from its Chinese parent company, ByteDance. This bid comes in response to a looming ban on the app, set to take effect on January 19, 2025, unless ByteDance sells it. The Supreme Court has upheld a law mandating the sale or shutdown of TikTok over national security concerns. O'Leary emphasized the urgency of the situation, noting that service providers could face significant fines if they continue to support TikTok post-ban. The offer aims to save the platform for America's 170 million users, with O'Leary expressing excitement about the potential acquisition and the complex situation surrounding TikTok's future in the US.