O’Leary Ventures President Kevin O’Leary reveals President Donald Trump’s latest billion-dollar investment and the future of TikTok ownership as multiple deals come to the negotiating table.
As top internet creator MrBeast is allegedly preparing to enter the TikTok selling arena, “Mr. Wonderful” is defending his deal as the best and most viable option for the Chinese-owned social platform.
“The most difficult, but not alarming, part of this is what’s on page five and six of this Supreme Court order two days ago, and it specifically states: Not a single line of code from the current Chinese algorithm can be used,” Kevin explained. O’Leary said Thursday that there are 5 billion tokens that no one can use On “Varney & Company.”
“Now we come back to which group — I don’t care how many people have announced this — has the technology to support this. As far as I know, it’s just the McCourt-O’Leary show. We have the technology.”
O’Leary and billionaire businessman Frank McCourt are out $20 billion cash offer to TikTok to buy the app after the Supreme Court upheld a federal Congressional law requiring the company to divest with a US buyer or face a user ban.
A law firm is advising on Tuesday a TikTok bid for Recruiter.com Ventures founder and CEO Jesse Tinsley, the Associated Press reported. His name is Jimmy Donaldson – known as MrBeast – as an interested party in the deal.
Kevin O’Leary, left, says his TikTok offering is the “only” viable option as popular internet creator MrBeast is also said to be entering the race. (Fox Business)
Adding to the speculation, Donaldson posted on “Let’s see if we can pull this off.”
‘Shark Tank’ investor Kevin O’Leary talks about the future of TikTok, the Chinese government’s role in the ‘secret golden share,’ and the role Trump could play in keeping the platform available in the US
But a representative for Donaldson confirmed to The Associated Press on Wednesday that MrBeast has not officially joined any bids, saying: “Several buyers are in ongoing discussions with Jimmy… He does not have exclusive agreements with any of them.”
O’Leary expanded, saying: “The only two people who can decide what happens here are (President Donald) Trump and Xi (Jinping). So Xi has not yet indicated whether he wants to sell it, so that is the next step.” “If he does that, everyone will be happy with what Trump brings back as long as it complies with the laws of Congress and the Supreme Court order.”
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Billionaire businessman Frank McCourt explains what will happen when his offer with Kevin O’Leary to buy TikTok can be accepted and they begin negotiations with ByteDance.
“We went to the Hill this week to talk to senators and congressmen about what we have,” Mr. Gorgeous added. “We can move it without a single line of Chinese code and allow Americans to isolate their own data so there is no leakage. I hope that’s why this deal gets to us at the end of the day.”
Although TikTok’s future operation and ownership remains uncertain, President Trump has signed an executive order on his first day in the Oval Office The deadline for withdrawal or ban is extended for 75 days, giving the Chinese social media app more time to decide on a buyer.
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