Shark Tank's O'Leary Plans to Acquire TikTok's U.S. Assets Amid Ban Threat - PRESS AI WORLD
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Shark Tank's O'Leary Plans to Acquire TikTok's U.S. Assets Amid Ban Threat

share-iconTuesday, January 07 comment-icon2 weeks ago 7 views
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thedailybeastTHEDAILYBEAST
Shark Tank's O'Leary Plans to Acquire TikTok's U.S. Assets Amid Ban Threat

Credited from: THEDAILYBEAST

  • Kevin O'Leary, known for Shark Tank, aims to save TikTok from a U.S. ban by purchasing its American assets.
  • O'Leary has partnered with former Dodgers owner Frank McCourt to raise funds for the acquisition.
  • The deal, described as a billion-dollar arrangement, is crucial for TikTok users facing a potential ban after January 20.
  • There is growing bipartisan concern over TikTok's ties to China, with O'Leary seeking support from both Joe Biden and Donald Trump.
  • The Supreme Court is set to hear arguments for TikTok's legal challenge against the ban, complicating the sale efforts.

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