Investor Kevin O’Leary announced a $20 billion cash bid to purchase TikTok from ByteDance, its Chinese parent company, during a Fox News interview.
The offer comes as the Supreme Court upheld a bipartisan law forcing ByteDance to divest from TikTok, citing national security concerns.
O’Leary highlighted potential fines exceeding $1 billion daily for companies keeping TikTok operational after Sunday’s ban deadline.
He expressed doubts about data safety for U.S. users and praised the Supreme Court’s decision, calling it a necessary precaution. His offer awaits ByteDance’s response as lawmakers, including President-elect Trump, seek a resolution for the app’s 170 million U.S. users.
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