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

Lynyrd Skynyrd Scores Its First Top-Selling Album 50 Years Later

Lynyrd Skynyrd’s Celebrating 50 Years: Live at the Ryman debuts on two…

Can You Enjoy a Meal Together on Zoom? A Startup Believes It’s Possible

At the height of the pandemic, Vishal Patel noticed a shift in…

How Delaying Financial Reports Can Hinder Growth and Leave You Unprepared

Opinions expressed by Entrepreneur contributors are their own. These days, data floods…

Insights from the Ukraine Conflict: The Future of Space Warfare Explored

Satellite imagery reveals the aftermath of a Ukrainian strike on a Russian…

Women Entrepreneurs Support Reeves’ Emotional Breakthrough

Unlock the Editor’s Digest for free Women in business have expressed their…

Ex-NFL Athlete Turns Nasal Breathing into a Successful Brand

Opinions expressed by Entrepreneur contributors are their own. Todd Anderson, who previously…

Vikings Set to Deliver a Dominant Defensive Performance in 2025

Andrew Van Ginkel is a game-changing factor on defense for the Vikings.…

Which Stocks to Consider as M&S Competes with Major Supermarkets?

Marks & Spencer this week turned up the heat in the supermarket…

FTSE 100 Dividend Increase Stalls as Share Buybacks Surge

Dividend growth for the FTSE 100 has staggered to a halt in…

Brussels proposes new levy on major corporations to enhance EU budget

Unlock the Editor’s Digest for free Brussels is set to suggest a…