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 much specifics.

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

In April, U.S. lawmakers passed a measure that forces ByteDance to waste TikTok, though the institution has many times said it is not for sale 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 scheme to purchase the societal network. McCourt launched Project Liberty successful 2021 to thief build and advocator for a safer and much equitable internet, according to its website.

In May, McCourt revealed that Project Liberty was "building a consortium to acquisition TikTok and rearchitect the level to put group successful power 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 the only viable bidder that tin connection a seamless modulation for everyone connected TikTok without the existing algorithm, said Frank McCourt, laminitis of Project Liberty, in a property release. "With the 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 much than $20 cardinal of capital, according to a spokesperson.

O'Leary has been vocal astir wanting to bargain TikTok since March 2024, aft the 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 the 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 besides noted that he looks guardant to "working pinch President-elect Trump to prevention TikTok."

"Kevin and I, on pinch the thousands of supporters who person travel guardant to backmost The People's Bid, firmly judge we tin build a amended TikTok – 1 that protects our nationalist information and becomes a safe, unafraid level that millions of group connected the 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 the app successful a news quality this week successful his signature pinkish pajama pants and flip-flops.