Kevin O’Leary from Shark Tank Expresses Interest in Purchasing TikTok Ahead of US Ban

With the looming threat of a U.S. ban on TikTok, investor Kevin O’Leary has announced his plans to purchase the popular social media platform. Partnering with billionaire Frank McCourt, known for his role on Shark Tank, O’Leary is leading a bid to save TikTok from potential shutdown in the U.S. This high-stakes move has garnered attention, especially with the approaching deadline for TikTok. Many are now wondering if Kevin O’Leary’s purchase of TikTok is indeed happening.

Is Kevin O’Leary Buying TikTok Amid U.S. Ban?

As TikTok faces the possibility of a U.S. ban, a significant effort to acquire the app is underway. Renowned Shark Tank investor, Kevin O’Leary, has teamed up with billionaire Frank McCourt to purchase TikTok. This initiative comes as U.S. lawmakers have set a strict deadline for TikTok’s parent company, ByteDance, to sell its U.S. operations by January 19, 2025. Failure to do so could result in a nationwide ban, affecting millions of American users.

Frank McCourt, founder of Project Liberty, is spearheading the “People’s Bid for TikTok” alongside a group of investors. Their goal is to acquire the platform, safeguard American user data, and prioritize privacy. They claim to have secured verbal commitments of up to $20 billion in funding, making them a strong contender for the purchase.

Kevin O’Leary emphasized that this acquisition is more than just about TikTok’s U.S. assets. He stated, “It’s about something much bigger: protecting the privacy of 170 million American users, empowering creators and small businesses, and building a platform that prioritizes people over algorithms.” However, the success of this acquisition may hinge on the support of President-elect Donald Trump. As the deadline approaches, Kevin O’Leary and Frank McCourt’s bid to acquire TikTok could potentially alter the platform’s future in the U.S.



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