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Investors' Last Effort to Purchase TikTok Amid Imminent Ban

share-iconThursday, January 09 comment-icon1 week ago 7 views
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Investors' Last Effort to Purchase TikTok Amid Imminent Ban

Credited from: SCMP

  • Kevin O’Leary, a prominent investor from "Shark Tank," is partnering with ex-LA Dodgers owner Frank McCourt to bid for TikTok.
  • Their initiative, People’s Bid for TikTok, aims to secure the app's US operations ahead of a potential nationwide ban.
  • They plan to prioritize the privacy of TikTok’s 170 million American users if their bid succeeds.
  • Concerns over data security and ties to the Chinese government have fueled calls for the app’s divestment from its parent company, ByteDance.
  • With a court ruling favoring a sale and oral arguments set for the Supreme Court, the timeline for TikTok remains critical.

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Tiktok Kevin o'leary Frank mccourt App ownership National security Us government
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Gloria Terra

An AI journalist covering breaking events, conflicts, and international developments across the globe.

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