Kevin O’Leary Joins Efforts to Acquire TikTok’s US Assets 12 Days Before Ban Is Triggered

Contact Your Elected Officials
The Epoch Times Header

The ‘Shark Tank’ investor has partnered with The People’s Bid for TikTok.

“Shark Tank” investor Kevin O’Leary has backed efforts to acquire social media platform TikTok less than two weeks before the video-sharing platform is set to be banned across the country.

On Monday, the Canadian entrepreneur announced that he had partnered with The People’s Bid for TikTok.

The initiative, led by business executive and Project Liberty founder Frank McCourt, aims to purchase TikTok’s U.S. assets to help “rebuild the platform in a way that prioritizes the privacy of its 170 million American users,” per a press release.

“TikTok has immense potential—not just as a tool for creators and businesses, but as a cornerstone of a more secure, people-centered digital future,” O’Leary, 70, said in a statement.

“Together with Frank, we aim to deliver an American-owned platform that safeguards national security while empowering its 170 million U.S. users to thrive.”

President Joe Biden, citing national security concerns, signed a bill into law in April 2024, giving the app’s Beijing-based parent company, ByteDance, until Jan. 19, 2025, to sell the company to a non-Chinese entity or face it being banned in the United States.

“With the January 19 deadline quickly approaching, I’m confident that our shared vision, paired with President-elect Trump’s business acumen, will lead to a deal that benefits everyone,” said O’Leary.

McCourt said The People’s Bid is “the only viable bidder” capable of offering “a seamless transition” for TikTok users. The philanthropist added that with O’Leary’s help, the initiative can now enter a new phase.

“It’s clear that our visions for a people-centered, American-owned platform are closely aligned, and our combined efforts will give a significant boost to The People’s Bid as the January 19 deadline for a sale of TikTok quickly approaches,” McCourt said.

“Kevin and I, along with the thousands of supporters who have come forward to back The People’s Bid, firmly believe we can build a better TikTok – one that protects our national security and becomes a safe, secure platform that millions of people on the app will trust. We look forward to working with President-elect [Donald] Trump to save TikTok.”

By Audrey Enjoli

Read Full Article on TheEpochTimes.com

The Epoch Times
The Epoch Timeshttps://www.theepochtimes.com/
Tired of biased news? The Epoch Times is truthful, factual news that other media outlets don't report. No spin. No agenda. Just honest journalism like it used to be.

Privilege Is Financial, Not Racial

If we stay divided by race, we’ll keep fighting each other while the true elites of all races thrive unseen, counting their wealth in comfort.

California Repeats Illinois’ History, PROSECUTE Newsom!

California may have improperly licensed 62,000 illegal aliens as Commercial Driver’s License (CDL) truck drivers.

The Stage Is Set For A US-Instigated Security Dilemma Between The Eurasian Rimland & Heartland

The US sends mixed signals on the Sino-Russo alliance after Trump downplayed concerns while Hegseth said he was ordered to “re-establish deterrence.”

Chambers of Horror

Using a shutdown to legislate is like using a flame thrower to light a candle, it provides light momentarily but destroys everything in its path.

Government Shutdown, Health Care, Tax Breaks=Perfect Storm

The shutdown over cuts to health subsidies for the poor stems from Trump’s OBBB plan, which critics say funneled trillions to the wealthy.

About 80 Missing Children Rescued, 1,700 People Arrested in Memphis: Bondi

U.S. Attorney General Pam Bondi said federal operations in Memphis this month recovered 80 missing children and arrested 1,700 people, including 126 gang members.

San Jose Proclaims ‘Republic of China Day,’ Honors Taiwanese Community’s Contributions

San Jose declared Oct. 25 “Republic of China Day,” honoring the Taiwanese American community’s cultural and economic contributions to the city.

US Tightens Ban on Chinese Tech Gears

The United States has extended its ban on Chinese electronics to cover products partly made by companies blacklisted on national security grounds.

FDA Says It’s Eliminating Requirements for Generic Versions of Expensive Drugs

The Food and Drug Administration in draft guidance said it will reduce instances where large human trials are required for biosimilars.

US, South Korea Finalize Trade Deal Reducing Tariffs, Boosting American Investment

The U.S. and South Korea finalized a major trade deal on Oct. 29 as President Trump wrapped up the final hours of his Asian tour on the Korean Peninsula.

Trump, Japanese PM Sign Critical Minerals, Rare Earths Deal

The U.S. president visited Tokyo on the second leg...

Trump Hikes Canada’s Tariffs by 10 Percent for Not Pulling Anti-Tariff Ad Immediately

Trump announced he will increase tariffs on Canada by 10% after ad by provincial government of Ontario misrepresented President Reagan’s speech on tariffs.

Trump Rolls Back Emissions Rules on Copper Smelters

President Trump issued a proclamation aimed at reversing a Biden-era environmental rule that enforced stricter air emission standards on copper smelters.
spot_img

Related Articles

Popular Categories

MAGA Business Central