Kevin O'Leary Is Ready for a TikTok Deal: 'Clock Is Ticking'
Share this @internewscast.com

Kevin O’Leary is ready for a TikTok to deal to get done.

On Instagram, the long-time “Shark Tank” investor posted a recent television interview (conducted in his signature pajama pants) and told his followers that the TikTok “clock is ticking.”

“We’re on our second 75-day extension,” O’Leary told Fox Business. “I speculate that there will not be a third.”

The deadline for a TikTok deal was April 5, but it was extended for 75 days a second time earlier this month. President Trump wrote on Truth Social the same day that his administration is “working very hard” on a deal to “save” the app.

In the interview, O’Leary added that he doubts any S&P 500 company would want to pay the penalty of $5,000 a user if a ban goes through, and added that any speculation of a possible lease deal was “shut down three weeks ago.” Meanwhile, the 75 days will be up in mid-June.

“Anyone who wants to buy this thing now faces rewriting the algorithm,” O’Leary said, adding that it is all up to President Xi Jinping of China and that he “hasn’t decided if he’s going to sell it or not.”

O’Leary has teamed up with billionaire former Dodgers owner Frank McCourt in “The People’s Bid” for TikTok. Reddit co-founder Alexis Ohanian has also joined the team.

AI startup Perplexity also submitted a bid to merge its business with TikTok’s U.S. division for more than $50 billion.

Amazon and Applovin also recently (separately) submitted bids.

Despite the red tape, O’Leary noted that he is “100% still interested” in buying the social media platform.

“Frank McCourt and I have been working on this for so long, we aren’t giving up,” O’Leary said.

Share this @internewscast.com
You May Also Like

UK Salary Increases Slow Down as Job Market Declines

Stay informed with free updates In the three months leading up to…

Cassie Ventura Set to Take the Stand as Witness

Topline Sean “Diddy” Combs’ ex-girlfriend, Cassie Ventura, is expected to take the…

Macron Considers Deploying French Nuclear Weapons in European Countries

Unlock the White House Watch newsletter for free French President Emmanuel Macron…

Pete Rose Reinstated by MLB, Paving Way to Hall of Fame

Topline The late Pete Rose, Major League Baseball’s all-time hit leader, was…

Watch the Financial Trends! Why Investors Need to Focus on Affordable UK Small Businesses Being Acquired

Investors should sit up and take notice of why private equity firms…

Are Gold Prices Set to Climb to $4,000, or Have They Peaked? Expert Insights

The price of gold has rocketed in recent months as investors seek…

Unlocking Success at Alexander’s Patisserie

Opinions expressed by Entrepreneur contributors are their own. On a bustling Saturday…

UFC Vegas 106: Burns vs. Morales – Fight Card, Odds, and Predictions

LAS VEGAS, NEVADA – AUGUST 24: Michael Morales of Ecuador prepares to…

Why Investors Are Rushing to Invest in Short-Term Gilts for Tax-Free Safe Haven Profits

Short-term UK government debt is proving popular among investors, lured by potential…