Kevin O'Leary, star of Shark Tank, is close to securing a deal to buy TikTok's U.S. business to prevent the app from being banned. He announced the move on Fox News and revealed plans to partner with former Dodgers owner Frank McCourt. The deal could cost up to $300 billion, with assistance from President-elect Donald Trump expected to help finalize the acquisition. The U.S. government has raised concerns over TikTok's connection to China, but public opposition to a ban remains low. TikTok has also requested a U.S. Supreme Court hearing to block the law banning the app.
Category
🗞
NewsTranscript
00:00It's Benzinga bringing Wall Street to Main Street.
00:02Kevin O'Leary, star of Shark Tank, is close to securing a deal
00:05to buy TikTok's US business to prevent the app from being banned.
00:09He announced the move on Fox News and revealed plans to partner with former Dodgers owner
00:13Frank McCourt. The deal could cost up to $300 billion, with assistance for President-elect
00:18Donald Trump expected to help finalize the acquisition. The US government has raised
00:22concerns over TikTok's connection to China, but public opposition to a ban remains low.
00:27TikTok has also requested a US Supreme Court hearing to block the law banning the app.
00:32For all things money, visit Benzinga.com.