‘Shark Tank’s’ Kevin O’Leary and billionaire Frank McCourt want to buy TikTok. One problem: It’s not for sale

CNN ^ | January 09, 2025 | Clare Duffy, CNN

[Red Badger]

A group formed by billionaire entrepreneur and former Los Angeles Dodgers owner Frank McCourt has made a formal offer to buy TikTok from its China-based parent company, ByteDance.

The group, which calls itself The People’s Bid for TikTok and is also backed by “Shark Tank”-famous investor Kevin O’Leary, said Thursday it had delivered a proposal to ByteDance to acquire TikTok’s US assets. It did not disclose the value of the offer.

The bid comes just one day before the Supreme Court is set to hear oral arguments over whether to uphold a law that would ban TikTok in the United States starting January 19 if it is not sold, following a legal challenge from the social media company.

But the proposal could face a major problem: ByteDance has repeatedly said TikTok’s not for sale.

[iamgalt]

But the proposal could face a major problem: ByteDance has repeatedly said TikTok’s not for sale.“

That was yesterday

[Beowulf9]

There sure seems to be a lot of rumors about Tik Tok. I’ve heard and I’m sure many have, that Elon Musk is going to buy it.

So, it’s not for sale. Intersting.

[1Old Pro]

ByteDance has repeatedly said TikTok’s not for sale.

That was 1/9/25, today on 1/17/25 The SCOTUS says otherwise.

[CodeToad]

Ownership means nothing. It is nothing but spyware design to undermine the US through it children.

[Red Badger]

Everybody has their price..................

[Qwapisking]

ah...the old “Not For Sale” bidding war trick. it’s for sale.

[dfwgator]

[Leaning Right]

The Chinese communist government owes a 1% share of ByteDance. But it’s a “golden share”, meaning ByteDance can’t do a darn thing without the ChiCom government’s approval.

https://en.wikipedia.org/wiki/Golden_share

[Qwapisking]

“undermine the US through its children”? and here I was thinking that liberal parents had a corner on that market. considering myself more edumacated now.

[Beowulf9]

Maybe, maybe not. We’ll see.

[TheThirdRuffian]

I’d rather have the Chinese own it than Kevin O’Leary.

Aside from being a complete idiot who got lucky scamming people during the DotCom craze, he’s a diehard lefty and suffers from TDS.

[TheThirdRuffian]

“. It is nothing but spyware design to undermine the US through it children.”

And moronic women.

[RainMan]

I love how libs are always so clueless. Everything is for sale if you are willing to pay enough. Tik Tok ‘merica is not “for sale” but if it gets expunged from the American Market by the gubmint, it becomes worthless. Musk and O’Leary know this, and so does Tik Tok. Musk and O’Leary are using that to buy it for less than the Chicom’s want to sell it for. That is why it is not “for sale”, but at the end of the day, it is all just “negotiations”.

[Seruzawa]

It’s a CCP Intel Op. They won’t give it up.

[1Old Pro]

It’s a CCP Intel Op. They won’t give it up.

We thought the Israeli pager scheme was brilliant, wait until we hear how China can listen in on all calls and collect all data from Chinese made phones that install TikTok.

[wetgundog]

It may be NOW! USSC ruled unanimously to uphold Tic Tok Ban.

[Tell It Right]

In all seriousness, China’s govt has a rule saying that its tech companies operating in other countries have a responsibility to spy on them.

[bobbo666]

Hey, CNN, haven’t you heard that everything is for sale?

[Theoria]

Kevin O’Leary has no allegiance to country[not even American last I checked]. He has multiple passports to escape to other places if it gets bad. He's one of the biggest supporters of the idea of globalization and control. He's not someone to depend on to fix something or fight for you.