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Kevin O’Leary says he’s offering $20B cash for TikTok

  • Kevin O’Leary is offering $20 billion to buy TikTok, aiming to convince President-elect Donald Trump of his capability to manage the app.
  • A bipartisan-supported ban on TikTok is set to take effect if ByteDance does not divest the app in the U.S. By Sunday.
  • O’Leary stated he has the funds to purchase TikTok and develop a competing app, emphasizing the urgency due to impending fines.
  • Trump is considering delaying the TikTok ban and may leverage his relationship with Chinese President Xi Jinping to negotiate a deal.
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