Investor and entrepreneur Kevin O’Leary, identified for his appearances on “Shark Tank,” introduced on Monday he joined forces with The Individuals’s Bid for TikTok in an try to buy the social media platform earlier than the Jan. 19 deadline for a sale.
The Particulars: O’Leary declared the transfer in a press launch stating he would be a part of The Individuals’s Bid for TikTok led by Mission Liberty founder Frank McCourt. O’Leary’s earlier try to purchase TikTok, a crowdfunding effort, could be folded into The Individuals’s Bid for TikTok.
Learn Subsequent: Biden Set To Ban Future Offshore Oil Drilling: 4 Shares, 2 ETFs To Watch
“Becoming a member of The Individuals’s Bid for TikTok is a chance to take motion on a difficulty I’m deeply captivated with — defending privateness and creating worth for customers,” mentioned Kevin O’Leary.
“TikTok has immense potential — not simply as a software for creators and companies, however as a cornerstone of a safer, people-centered digital future,” O’Leary added.
O’Leary additionally introduced his partnership with The Individuals’s Bid for TikTok on the social media platform X.
What Else: The Supreme Courtroom is about to listen to arguments on Friday on whether or not the proposed TikTok ban violates the First Modification. Congress handed the ban with bipartisan assist earlier this yr and President Joe Biden signed it into legislation in April.
The legislation requires TikTok’s dad or mum firm, ByteDance, to divest its U.S. operations by Jan. 19 or face elimination from app shops within the U.S.
President-elect Donald Trump initially supported a ban of TikTok, however has since modified his stance on the difficulty and has requested the deadline for divestiture be prolonged.
Trump’s lawyer, D. John Sauer, mentioned Trump is just not taking a stance on the case’s deserves however would love the chance to hunt a political answer.
“He respectfully requests that the Courtroom contemplate staying the Act’s deadline for divestment of January 19, 2025, whereas it considers the deserves of this case, thus allowing President Trump’s incoming administration the chance to pursue a political decision of the questions at concern within the case,” Sauer mentioned.
Learn Extra:
Picture: Shutterstock
Market Information and Knowledge dropped at you by Benzinga APIs
© 2025 Benzinga.com. Benzinga doesn’t present funding recommendation. All rights reserved.
