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Market
Will Kevin O'Leary and Frank McCourt acquire TikTok by January 19, 2025?
4
Resolution / Starting Odds
Yes • 50%
No • 50%
Official announcements from ByteDance or the acquiring parties
Story
Kevin O'Leary and Frank McCourt Bid to Buy TikTok from ByteDance, Seek Trump's Support to Prevent U.S. Ban
Jan 6, 2025, 08:58 PM
Shark Tank investor Kevin O'Leary has announced that he is joining with billionaire Frank McCourt in a bid to acquire TikTok from its Chinese parent company ByteDance to prevent the app from being banned in the United States. The multibillion-dollar deal aims to be finalized by January 19th. O'Leary plans to rewrite TikTok's algorithm to address security concerns. He met with President Donald Trump at Mar-a-Lago over the weekend to inform him of the plan and to request assistance from the administration, stating that they will need the government's help to close the deal.
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