Multimillionaire businessman Kevin O’Leary of “Shark Tank” fame said Friday he and his investor group are ready to pay $20 billion to purchase TikTok, which is facing a U.S. ban if its parent company that has ties to the China’s Communist Party doesn’t divest itself from the popular app and find an outside buyer by Sunday.
O’Leary’s investor group is led by billionaire Frank McCourt, a former owner of the Los Angeles Dodgers who will be with President-elect Donald Trump to cement a deal, The Washington Times reported Friday.
O’Leary said the group is willing to purchase the app without the proprietary algorithm that TikTok’s parent company, ByteDance, is determined to keep.
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