Official announcements from U.S. government agencies or credible news sources

Kevin O'Leary and Frank McCourt Near Multibillion-Dollar Deal to Acquire TikTok, Seeking Trump's Support Amid U.S. Ban Concerns

Jan 6, 2025, 08:40 PM

Kevin O'Leary, a prominent investor known for his role on 'Shark Tank,' has announced plans to acquire TikTok in collaboration with Frank McCourt. The deal, which is described as a multibillion-dollar venture, aims to prevent the social media platform from being banned in the United States. O'Leary stated that he has communicated with former President Donald Trump regarding this acquisition and expressed the need for support from Trump and his Cabinet. The announcement comes amid ongoing discussions about TikTok's regulatory challenges in the U.S.