Kevin O’Leary puts $20B TikTok cash offer on the table: ‘Most interesting, complicated, crazy situation’

It’s a deal TikTok may not be able to turn down. $20 billion in cash from celebrity entrepreneur and “Shark Tank” investor Kevin O’Leary.

“There’s $20 billion on the table right now. Cash,” O’Leary said on America’s Newsroom Just minutes later Friday, the US Supreme Court upheld a law requiring the Chinese company to be sold or banned.

“There’s a reason Congress put this order before the Supreme Court. There’s a reason they ruled in favor of it,” he continued. “And so the obvious solution is to sell it to the American syndicate.” :

In its decision, the Supreme Court upheld the Protecting Americans from Foreign Adversaries Control Act, which was passed by Congress last April with broad bipartisan support It gave TikTok nine months or divest from its Chinese parent company, ByteDance, or remove from US-based app stores and hosting services.

BIDEN WILL NOT IMPLEMENT THE TICKETS BAN AFTER SIGNING LAST YEARS LAW, LEAVING TRUMP TO FATE.

Congress initially raised concerns about the app’s Chinese ownership, which members said meant the app had potential to be armed or used to collect massive amounts of user data, including from the approximately 170 million Americans who use TikTok.

Kevin O’Leary is reportedly offering $20 billion in cash to buy TikTok. (Getty Images)

TikTok, ByteDance and several of the app’s users immediately sued to block the ban, arguing the legislation would stifle free speech for millions of Americans who use the platform.After a lower court upheld the ban, the Supreme Court agreed to hear TikTok’s urgent request, just nine days before the ban takes effect, to block or stop enforcement of the law on an accelerated schedule.

But now TikTok will “go dark” until midnight on Jan. 19, O’Leary notes, adding that the clock is “ticking” for a deal.

“As of midnight on the 19th, any service provider — it could be Apple, it could be Oracle, it could be a video compression technology company that’s being paid as a consulting service — any of them to keep this thing alive. for, it is subject to [a] Fine of 5000 dollars per day: 170 million. That’s over $1 billion a day,” O’Leary explained.

President-elect Donald Trump Truth Social reported that “his decision on TikTok will be made in the not-too-distant future,” but as president, Trump could delay the law or not strictly enforce it. This gives TikTok more time find a buyer, continue operating as is or take other actions that will maintain the status quo.

“We don’t know if an executive order can override a congressional law. There’s a case in 1937 that was used successfully, but you don’t know. So, as of right now, if the company doesn’t come in.” [an] A deal to be bought by an American syndicate, and Biden, who is now the executive, is 90 days off, this thing goes dark at midnight,” O’Leary added.

“Because who’s going to risk 1,000,000,007 in the middle of the night?” Who will do that? What would you recommend? This is the most interesting, complicated, crazy situation I’ve ever been involved in. I’m really excited about it.”

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During Friday’s “Maria Bartiromo on Wall Street,” White House press secretary Carolyn Levitt confirmed that the president-elect is actively looking for ways to save TikTok.

“He has said repeatedly that he believes that TikTok is an app on which tens of millions of Americans express their First Amendment rights, and the federal government cannot simply shut down a First Amendment right and violate the constitutional rights of tens of millions of Americans.” who express themselves freely on this app,” Levitt said. “So of course the best outcome for everyone is for an American company to own this application.”

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Fox News’ Breanne Deppisch contributed to this report.