Official announcement from ByteDance or Kevin O'Leary's representatives

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

Jan 17, 2025, 11:35 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 as TikTok faces a potential ban in the US, set to take effect on January 19, 2025, unless the platform is sold. The Supreme Court upheld a federal law that requires TikTok to be sold or face a shutdown due to national security concerns. O'Leary's offer is part of a broader effort to save the platform for its 170 million American users, amidst the looming deadline. O'Leary has expressed excitement about the situation and warned that service providers could face significant fines if they continue to support TikTok post-ban.