Another investor is expressing interest in a plan to purchase TikTok, less than two weeks before the social media platform could be banned in the United States.
Kevin O’Leary, known as “Mr. Wonderful” on the reality television series “Shark Tank,” announced on Monday that he is joining billionaire Frank McCourt in a plan to purchase TikTok.
Last spring, President Joe Biden signed legislation into law that would require TikTok’s Chinese parent company ByteDance to sell the app by Jan. 19. If ByteDance fails to do so, TikTok will be banned in the U.S., no longer available to download from app stores and unavailable to access on internet browsers.
McCourt, founder of Project Liberty and executive chairman of McCourt Global, announced in December that he was building a group of associates to purchase TikTok. McCourt’s consortium, led by Project Liberty, is called “People’s Bid for TikTok.” The project wants to allow users the opportunity to access and manage their own data. McCourt has claimed he has received verbal commitments totaling up to $20 billion for the purchase, according to the Project Liberty website.
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