Kevin O'Leary Proposes Crowdfunded Bid to Acquire TikTok

The 'Shark Tank' star aims to make TikTok an American-owned company amid looming US ban

O'Leary is inviting investors to reserve spots for a potential purchase via StartEngine.
The US government has mandated ByteDance to sell TikTok's US operations by January 2025.
O'Leary argues the acquisition will secure user data from foreign surveillance.
ByteDance may prefer shutting down TikTok in the US over selling it without its core algorithms.
Other notable figures, including Bobby Kotick and Steven Mnuchin, have also shown interest in buying TikTok.