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Kevin O'Leary Offers $20 Billion to Buy TikTok's US Operations Before January 19th Deadline

Jan 17, 2025, 11:35 PM

Kevin O'Leary, known from 'Shark Tank,' has offered $20 billion in cash to purchase TikTok's US operations. This offer comes in response to a Supreme Court decision upholding a federal law that mandates TikTok to be sold or face a ban in the US by January 19th. O'Leary's bid is part of a broader context where TikTok's parent company, ByteDance, must divest the app due to national security concerns or see it shut down. O'Leary has expressed excitement about the situation and warned that service providers could face significant fines if they continue to support TikTok post-deadline without a sale.