<p>Investor Kevin O&#8217;Leary said on Friday that he is willing to pay tens of billions of dollars for <a href="https://www.dailywire.com/topic/tiktok" target="_blank" rel="noopener">TikTok</a>, the social media app that the U.S. Congress passed a law to force the sale of due to its control by the Chinese Communist Party.</p>
<p>&#8220;As of midnight on the 19th, any service provider — that could be an Apple, that could be an Oracle, it could be a video compression technology company that&#8217;s being paid as a consulting service, any of them — to keep this thing alive, it&#8217;s subject to [a] $5,000 a day fine times 170 million,&#8221; he said. &#8220;That&#8217;s over $1 billion a day.&#8221;</p>
<p>&#8220;So as of right now, unless the company enters into an agreement to be purchased by an American syndicate — and Biden, who’s the executive right now, waives for 90 days — this thing goes dark at midnight because who’s going to take on a billion risk at midnight?&#8221; he continued. &#8220;Who’s going to do that? What counsel would advise that? This is the most interesting, complicated, crazy situation I’ve ever been involved in. I’m really excited about it.&#8221;</p>
<p>When asked by Fox News host Bill Hemmer what the price tag was to buy the social media company, O&#8217;Leary responded that he was willing to pay $20 billion for it.</p>
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<p>“Right now, $20 billion is on the table — cash, cash,&#8221; he said. &#8220;$20 billion.&#8221;</p>
<p>It was unclear what other investors were involved in the potential purchase of the social media app.</p>
<blockquote class="twitter-tweet" data-media-max-width="560">
<p dir="ltr" lang="en">Kevin O&#8217;Leary says &#8220;$20B is on the table&#8221; in bid to buy TikTok and explains that service providers &#8220;that keep this thing alive&#8221; after the deadline are subject to fines. <a href="https://t.co/3en5Ziu8SP">pic.twitter.com/3en5Ziu8SP</a></p>
<p>— Fox News (@FoxNews) <a href="https://twitter.com/FoxNews/status/1880342094407168140?ref_src=twsrc%5Etfw">January 17, 2025</a></p></blockquote>

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Kevin O’Leary Signals Eye-Popping Sum Of Cash On The Table To Buy TikTok

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Kevin O’Leary Signals Eye-Popping Sum Of Cash On The Table To Buy TikTok