Kevin O'Leary Offers $20 Billion Cash to Buy TikTok to Save U.S. Businesses Before Sunday Deadline with Trump's Involvement

Jan 17, 2025, 04:54 PM

Kevin O'Leary, a prominent investor known for his role on 'Shark Tank', has publicly announced his intention to acquire TikTok by offering $20 billion in cash. O'Leary stated that his motivation for purchasing the platform is to 'save' U.S. businesses that rely on it. His bid comes amid ongoing discussions about the app's future in the U.S., particularly in light of potential regulatory actions. O'Leary's offer is contingent on former President Donald Trump's ability to persuade China to agree to the sale. The deadline for this acquisition effort is set for Sunday, heightening the urgency of the situation.