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.
&#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;
&#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;
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.
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“Right now, $20 billion is on the table — cash, cash,&#8221; he said. &#8220;$20 billion.&#8221;
It was unclear what other investors were involved in the potential purchase of the social media app.
<blockquote class="twitter-tweet" data-media-max-width="560">
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>
— Fox News (@FoxNews) <a href="https://twitter.com/FoxNews/status/1880342094407168140?ref_src=twsrc%5Etfw">January 17, 2025</a></blockquote>

Kevin O’Leary

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

Communist China

Donald Trump

General

Kevin O'Leary

TikTok

U.S.

The Supreme Court ruled on Friday that the TikTok ban passed by Congress could go into effect this weekend, saying it did not violate the First Amendment. 
In an unassigned opinion, the court ruled that Congress was justified in passing the ban because of concerns about the Chinese government using TikTok to harvest the private data of millions of Americans. If China-based ByteDance does not sell the social media platform, the ban will go into effect on Sunday, January 19. 
“There is no doubt that, for more than 170 million Americans, TikTok offers a distinctive and expansive outlet for expression, means of engagement, and source of community,” the court wrote. “But Congress has determined that divestiture is necessary to address its well-supported national security concerns regarding TikTok’s data collection practices and relationship with a foreign adversary.”
While the main opinion was not signed, two concurring opinions were attached from Justice Neil Gorsuch and Justice Sonia Sotomayor.
The court said that those challenging the ban, including a group of TikTok users, did not provide any examples of the law actually curtailing their speech.
&#8220;It is not clear that the Act itself directly regulates protected expressive activity, or conduct with an expressive component. Indeed, the Act does not regulate the creator petitioners at all. And it directly regulates ByteDance Ltd. and TikTok Inc. only through the divestiture requirement,&#8221; the court wrote. 
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The court added that the regulations imposed by the law, which was signed by President Joe Biden in April, were content neutral.
&#8220;They impose TikTok-specific prohibitions due to a foreign adversary’s control over the platform and make divestiture a prerequisite for the platform’s continued operation in the United States,&#8221; the court wrote. &#8220;The Government also supports the challenged provisions with a content-neutral justification: preventing China from collecting vast amounts of sensitive data from 170 million U. S. TikTok users.&#8221;
The law from Congress says that TikTok will be banned as long as it is owned by the Chinese company ByteDance. If it is sold to an American company, it will no longer be banned. There have been various proposals floated to save TikTok, including from &#8220;Shark Tank&#8221; investor Kevin O’Leary, who has partnered with a group called &#8220;The People&#8217;s Bid for TikTok.&#8221; 
This is a breaking story. Refresh for updates.

Supreme Court Upholds TikTok Ban

China

Courts

First Amendment

SCOTUS

Supreme Court

Investor <a href="https://www.dailywire.com/topic/kevin-oleary">Kevin O’Leary</a> of “Shark Tank” fame recently discussed his intentions to purchase the popular social media app <a href="https://www.dailywire.com/topic/tiktok">TikTok</a>, mentioning that he’ll need President-elect <a href="https://www.dailywire.com/topic/donald-trump">Donald Trump’s</a> assistance to make it happen.
The 70-year-old Canadian <a href="https://www.dailywire.com/topic/business">entrepreneur</a> made the remarks during a Monday appearance on Fox News&#8217; “The Story with Martha MacCallum.”
“Trump will be who we have to work with to close the deal in the months ahead. So I wanted to let him know, as well as others in his cabinet, that we’re doing this, and we’re going to need their help,” O’Leary said, per <a href="https://www.thewrap.com/kevin-oleary-buy-tiktok-shark-tank/">The Wrap</a>.
The “Shark Tank” star also posted on X about the potential purchase, saying he was “excited” to partner with former Dodgers owner Frank McCourt’s Project Liberty &#8220;to lead The People&#8217;s Bid for TikTok.&#8221;
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
I’m excited to share that I’m partnering with Frank McCourt and the visionary team at <a href="https://twitter.com/pro_jectliberty?ref_src=twsrc%5Etfw">@pro_jectliberty</a> to lead The People’s Bid for TikTok!
This isn’t just about buying TikTok’s U.S. assets. It’s about something much bigger: protecting the privacy of 170 million American users.… <a href="https://t.co/kzxk5RfEgY">pic.twitter.com/kzxk5RfEgY</a>
&mdash; Kevin O&#39;Leary aka Mr. Wonderful (@kevinolearytv) <a href="https://twitter.com/kevinolearytv/status/1876287966584221717?ref_src=twsrc%5Etfw">January 6, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
“This isn’t just about buying TikTok’s U.S. assets,” he wrote in a post shared on Monday. “It’s about something much bigger: protecting the privacy of 170 million American users. It’s about empowering creators and small businesses. And it’s about building a platform that prioritizes PEOPLE over algorithms.”
“TikTok has immense potential, not just as a tool for creators but as a driver of meaningful economic and social impact. Together, we’re working to create an American-owned platform that is secure, innovative, and puts YOU in control of your data and digital relationships,” O’Leary added.
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O’Leary’s tweet included a link to the <a href="https://www.prnewswire.com/news-releases/globally-renowned-investor-and-entrepreneur-kevin-oleary-joining-the-peoples-bid-for-tiktok-302342948.html">press release</a> detailing his reasons for wanting to purchase the platform, which is currently owned by Chinese company Bytedance. TikTok is facing removal from Apple and Google app stores in the United States due to a federal ban signed by President Joe Biden last spring due to security concerns.
In December, Trump <a href="https://www.dailywire.com/news/trump-asks-scotus-to-pause-tiktok-ban-to-pursue-a-negotiated-resolution">petitioned</a> the Supreme Court to delay the ban from going into effect so he could have time to negotiate a potential deal. 
“It&#8217;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&#8217;s Bid as the January 19 deadline for a sale of TikTok quickly approaches,” McCourt said in a statement noted in the press release.
“Kevin and I, along with the thousands of supporters who have come forward to back The People&#8217;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 Trump to save TikTok.&#8221;

Kevin O’Leary Says He Wants To Buy TikTok, Needs Trump’s Help As Ban Looms

Kevin O'Leary Says He Wants To Buy TikTok, Needs Trump's Help As Ban Looms

Business

Social Media

Technology

Entrepreneur and media personality Kevin O’Leary warned this week that if Vice President Kamala Harris wins the upcoming presidential election, she could turn into America&#8217;s version of <a href="https://www.dailywire.com/topic/justin-trudeau" target="_blank" rel="noopener">Justin Trudeau</a>.
O&#8217;Leary made the remarks during a Friday interview on NewsNation where he claimed that Harris — whom he said was the &#8220;it kid&#8221; — was a &#8220;blank sheet of paper&#8221; regarding her policy positions, despite numerous extreme left-wing positions that she held during her failed 2020 presidential campaign.
&#8220;I don’t blame her for not bringing up policy. She should just rant and rave, saying &#8216;I’m not Trump&#8217; until August 7 because she’s raising so much money,&#8221; he said. &#8220;But then, she’s got to talk policy, and I don’t know what that looks like and nobody does because she’s like a blank sheet of paper.&#8221;
He said that the last &#8220;it kid&#8221; he saw in politics was far-Left Canadian Prime Minister Justin Trudeau, who has overseen the rapid decline of America&#8217;s northern neighbor.
“There’s an example of an &#8216;it kid&#8217; up in Canada a few years ago, Prime Minister Justin Trudeau,&#8221; he said. &#8220;Nobody looked at his background, nobody looked at his policies. He was the &#8216;it kid.&#8217; That country is on its knees! He wiped it out!&#8221;
&#8220;Are Americans basically going to hire or basically bring a president that’s another Justin Trudeau?&#8221; he asked. &#8220;I hope not.&#8221;
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WATCH:
<blockquote class="twitter-tweet" data-media-max-width="560">
🇨🇦🇺🇸Kevin O Leary comparing Kamala Harris who all of the sudden is a media darling when she was invisible before is akin to Justin Trudeau in Canada.
“Nobody looked at his background or policy”
“And look what happened to Canada they are in their knees Trudeau wiped it out”… <a href="https://t.co/pBANnxSrIL">pic.twitter.com/pBANnxSrIL</a>
— Contrarian (@ContrarianTribe) <a href="https://twitter.com/ContrarianTribe/status/1819790322463080725?ref_src=twsrc%5Etfw">August 3, 2024</a></blockquote>

Celebrity Sightings In New York City – May 28, 2024

Kevin O’Leary Warns Kamala Harris Is America’s Justin Trudeau: Canada ‘Is On Its Knees! He Wiped It Out!’