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“Shark Tank” star Kevin O’Leary, an entrepreneur and investor, announced Monday that he has joined forces with a group intending to buy the Chinese-owned social media platform TikTok.
In a social media post, O’Leary wrote, “I’m excited to share that I’m partnering with Frank McCourt and the visionary team at @pro_jectliberty to lead The People’s Bid for TikTok!
“This isn’t just about buying TikTok’s U.S. assets. It’s about something much bigger: protecting the privacy of 170 million American users. It’s about empowering creators and small businesses. And it’s about building a platform that prioritizes PEOPLE over algorithms.
“TikTok has immense potential, not just as a tool for creators but as a driver of meaningful economic and social impact. Together, we’re working to create an American-owned platform that is secure, innovative, and puts YOU in control of your data and digital relationships.”
I’m excited to share that I’m partnering with Frank McCourt and the visionary team at @pro_jectliberty to lead The People’s Bid for TikTok!
This isn’t just about buying TikTok’s U.S. assets. It’s about something much bigger: protecting the privacy of 170 million American users.… pic.twitter.com/kzxk5RfEgY
— Kevin O’Leary aka Mr. Wonderful (@kevinolearytv) January 6, 2025
“We’ve built a clean, American-made tech stack and continue to be the only viable bidder that can offer a seamless transition for everyone on TikTok without the existing algorithm. With the addition of Kevin and his countless followers to our bid, The People’s Bid enters a new phase. Kevin has been a relentless advocate for new ownership of this platform as he understands the enormous opportunity a sale presents for investors, the millions of creators who rely on the platform for their livelihoods, and everyday Americans who love the platform,” said Frank McCourt, Founder of Project Liberty, in a press release.
“It’s clear that our visions for a people-centered, American-owned platform are closely aligned, and our combined efforts will give a significant boost to The People’s Bid as the January 19 deadline for a sale of TikTok quickly approaches. Kevin and I, along with the thousands of supporters who have come forward to back The People’s Bid, firmly believe we can build a better TikTok – one that protects our national security and becomes a safe, secure platform that millions of people on the app will trust. We look forward to working with President-elect Trump to save TikTok,” McCourt added.
🚨 JUST IN: Kevin O’Leary announces he is working to close a deal to buy TikTok to prevent it from being banned in the U.S.
“I wanted to let [Trump] know – as well as others in his Cabinet – we’re doing this, and we’re gonna need their help.” pic.twitter.com/nUbQC9hvuE
— Eric Daugherty (@EricLDaugh) January 6, 2025
REPORT: Trump makes special request to Supreme Court regarding TikTok ban
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