‘Shark Tank’ Investor Kevin O’Leary Offers $20 Billion In Cash To Buy TikTok Amid Looming U.S. Ban

‘Shark Tank’ Investor Kevin O’Leary Offers $20 Billion In Cash To Buy TikTok Amid Looming U.S. Ban

Investor Kevin O’Leary, best known from “Shark Tank,” revealed on Fox News’s “America’s Newsroom” that he offered TikTok’s parent company, ByteDance, $20 billion in cash to purchase the platform. This comes as the Supreme Court upheld a bipartisan law signed by President Joe Biden, which labels TikTok a national security threat and requires ByteDance to divest by Sunday to avoid removal from U.S. app stores.

Kevin O’Leary warned of hefty fines for companies keeping TikTok operational after the deadline: “That’s over a billion dollars a day.” He also questioned the legality of potential executive orders overriding the ban. Citing national security concerns, he said, “Nobody knows the extent of which the algorithm provides data. It’s been highly speculated.”

With 170 million U.S. users, lawmakers, including President-elect Donald Trump, are seeking a resolution. “Right now, $20 billion is on the table, cash,” Kevin O’Leary concluded, awaiting ByteDance’s response.