Shark Tank angel investor Kevin O’Leary prepares to buy TikTok

If TikTok cannot find a buyer in the United States, it will be forced to shut down by the Biden administration on January 19th. However, there has recently been a turning point in TikTok's stay in the United States. Well-known angel investor, as well as the host of the reality show Shark Tank and entrepreneur, Kevin O'Leary, will join forces with former Dodgers owner Frank McCourt to bid on TikTok. TikTok is expected to undergo a transformation and become 'American' with new blood. As the Biden administration has given TikTok time to find a buyer in the United States, as long as there is an interested buyer who submits an offer before January 19th, TikTok will not be expelled from the United States. At this point in time, Kevin O'Leary, a savvy strategist and acquirer of startups, and his friends are prepared with a strategy to acquire TikTok.

TikTok appeals to the 'freedom of speech' clause in the U.S. Constitution for self-protection

Due to the Biden administration's claim last year that TikTok's parent company, ByteDance, is a Chinese company, and based on the allegations that TikTok is suspected of leaking and improperly disseminating American user data, including minors, the Biden administration demanded that TikTok be sold to an American company. Otherwise, it would be forcibly shut down on January 19th. TikTok appealed on the grounds of protecting freedom of speech under the First Amendment of the U.S. Constitution and has been accepted by the U.S. Supreme Court. The case is currently under review with no further updates.

Trump reversed his position, saying TikTok is very heartwarming

Even though the US Department of Justice believes that TikTok may allow the Chinese Communist Party to monitor Americans, Trump's attitude towards TikTok has made a 180-degree turn. Despite Trump 1.0's initial attack on TikTok, during last year's presidential election, Trump cleverly used TikTok to solidify support from the youth vote and exert influence. He praised TikTok for helping him gain 34 points among the youth demographic. When Trump publicly criticized drones as spy activities, he also expressed support for TikTok, saying he already has a warm spot in his heart for TikTok. As long as there is traffic, are Americans still a priority?

Is there a recipe for sharks entering TikTok and changing their nationality to the United States?

Kevin O’Leary, also known as Mr. Wonderful, often makes various offers to new startup teams on the reality show Shark Tank, including directly investing to become a major shareholder or exchanging for profits with other business interests. Sometimes, he can be harshly critical of the founder's idea, just like Trump would mercilessly mock challengers in 'The Apprentice'. This time, people are curious about what kind of offer he will make to TikTok. According to Fox News' interview with him, he mentioned that TikTok's unique algorithm requires him to discuss with Frank McCourt how to avoid acquiring 'Chinese spy' software, rather than the underlying business value.

Due to the expressed interest of potential buyers in acquiring TikTok and TikTok's appeal to the High Court, a long-term legal battle is expected to ensue, allowing TikTok to survive for the time being.

In weighing traffic and commercial interests, have Americans' personal information and child safety become secondary considerations? How will Kevin O’Leary replace Chinese-funded enterprises with purebred American ones? Interestingly enough, Kevin O’Leary is not even American, he is Canadian, and Canada's relationship with the US is now at a freezing point. How will this well-known Canadian entrepreneur and angel investor in startups buy TikTok? Let's continue to see.

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