Shark Tank star and investor Kevin O’Leary said Friday on Fox News Channel’s “The Story” that he or another American would buy TikTok to keep it from shutting down.
Guest host Gillian Turner says, “Some people say they rely on TikTok to mark their small business. I run TikTok as a platform for selling and closing deals.” If it ends up being banned, what does that mean for the small business economy?”
O’Leary said: “It’s not going to be banned. We’re going to buy it. Someone’s going to buy it. It’s not going to be Meta or Google. The regulators are going to stop it. There’s going to be a syndicate. . They obviously want to be involved. What I would do is set up a bipartisan commission, an 18-month advisory board. I would go to them and ask them how much they should keep the Chinese. Tell me if you can help me.”
He added: “We’re going to hire an American CEO, move our servers here to America, and rewrite the code so they can shut out the Chinese backdoor. That’s what everyone wants. What the Chinese like. They get to keep 20%. When you do the process that way, you create billions in value. One of the most successful advertising platforms in social media today. I All the companies are using it. Buy. As long as I have the blessing of the House of Commons, I can organize a syndicate. No one wants to fund this if they think it will fail politically. No. If everything is made in America, including the server, this deal will be completed. I want to buy it.”
Follow Pam Key on Twitter @pamkeyNEN
