Is Kevin O'leary Buying Tiktok? 'shark Tank' Star Teams Up With Frank Mccourt For 'people's' Bid

Kevin O'Leary is talking astir buying TikTok again, but this clip pinch overmuch specifics.

The societal media app is small than 2 weeks distant from facing a imaginable ban, though nan Supreme Court is group to norm connected a region connected Jan. 10 aft TikTok and its genitor company, China-based ByteDance, asked nan Court to clasp nan Jan. 19 deadline.

In April, U.S. lawmakers passed a measurement that forces ByteDance to discarded TikTok, though nan institution has galore times said it is not for waste and would for illustration to unopen it down.

Related: Meta Outage, Looming TikTok Ban Has Creators Questioning How Much of Their Business They Really Control

Still, that hasn't deterred O'Leary, a.k.a "Mr. Wonderful."

This week, O'Leary announced that he is joining billionaire and erstwhile L.A. Dodgers proprietor Frank McCourt successful a strategy to acquisition nan societal network. McCourt launched Project Liberty successful 2021 to thief build and advocator for a safer and overmuch equitable internet, according to its website.

In May, McCourt revealed that Project Liberty was "building a consortium to acquisition TikTok and rearchitect nan level to put group successful powerfulness of their integer identities and data," which is known arsenic "the People's Bid for TikTok."

"We've built a clean, American-made tech stack and proceed to beryllium nan only viable bidder that tin relationship a seamless modulation for everyone connected TikTok without nan existing algorithm, said Frank McCourt, laminitis of Project Liberty, successful a spot release. "With nan summation of Kevin and his countless followers to our bid, The People's Bid enters a caller phase."

Project Liberty's investor group has committed to overmuch than $20 cardinal of capital, according to a spokesperson.

O'Leary has been vocal astir wanting to bargain TikTok since March 2024, aft nan news collapsed of a imaginable ban. He told Fox & Friends that month, "If this bid goes through, it's sewage to beryllium sold. I'm going to put up my manus and opportunity I'll bargain it."

"It's nan largest intermezo and business web successful America arsenic it stands today, truthful it's of awesome liking and awesome value," O'Leary said past March.

McCourt too noted that he looks guardant to "working pinch President-elect Trump to prevention TikTok."

"Kevin and I, connected pinch nan thousands of supporters who personification recreation guardant to backmost The People's Bid, firmly judge we tin build a amended TikTok – 1 that protects our nationalist accusation and becomes a safe, unafraid level that millions of group connected nan app will trust," McCourt said.

Related: Remote Work Enthusiast Kevin O'Leary Does TV Appearance Wearing Suit Jacket, Tie and Pajama Bottoms

O'Leary talked astir his bid for nan app successful a news value this week successful his signature pinkish pajama pants and flip-flops.