Kevin O’Leary Just Offered HOW MUCH In Cash for TikTok?

Kevin O’Leary, star of “Shark Tank,” has made a bold $20 billion cash offer to purchase TikTok amid national security concerns and a looming ban.

That’s…a lot of cash.

At a Glance

  • Kevin O’Leary offers $20 billion in cash to buy TikTok
  • Bipartisan bill labels TikTok a national security threat, requiring divestment from ByteDance
  • Supreme Court upholds law requiring TikTok to sell or face ban
  • ByteDance faces Sunday deadline for compliance
  • TikTok risks shutdown unless a deal is reached

O’Leary’s Billion-Dollar Bid

In a surprising turn of events, Kevin O’Leary has put forth a massive $20 billion cash offer to acquire TikTok, the popular social media platform currently under intense scrutiny due to its Chinese ownership.

Yes, 20 billion in…cash.

The move comes in response to a bipartisan bill signed by President Biden that labels TikTok as a national security threat, requiring its parent company ByteDance to divest or sell the app to remain available in U.S. app stores.

The urgency of the situation is underscored by the rapidly approaching deadline set for ByteDance to comply with the new law. O’Leary, known for his shrewd business acumen, has emphasized the potential consequences for companies that continue to support TikTok’s operations after the deadline passes.

“As of midnight on the 19, any service provider that could be an Apple, that could be an Oracle, it could be a video compression technology company that’s being paid as a consulting service, any of them that keep this thing alive is subject to $5,000 a day fine times 170 million. That’s over a billion dollars a day,” Kevin O’Leary said.

The crux of the issue lies in the potential national security risks associated with TikTok’s Chinese ownership. Lawmakers have expressed concerns about the app’s ability to be weaponized or used for data collection on American citizens. These fears led to the passage of the Protecting Americans from Foreign Adversary Controlled Applications Act, which mandates TikTok’s divestment from ByteDance or face removal from U.S. app stores.

“There’s a reason that Congress put this order in front of the Supreme Court. There’s a reason they ruled in favor of it. It’s not worth taking the risk. And so the obvious solution is to sell it to an American syndicate as per the order,” O’Leary added.

The Supreme Court’s decision to uphold the ban, despite TikTok and ByteDance’s legal challenge citing free speech concerns, has added weight to the urgency of the situation. With 170 million U.S. users at stake, the potential ban has far-reaching implications for both the tech industry and individual users.

With TikTok now temporarily back online thanks to an intervention from President Trump, will O’Leary be successful in his bid? Only time will tell…