“Shark Tank” co-star Kevin O'Leary announced Friday that he would buy TikTok if a bill is passed that would force Beijing-based ByteDance to sell the app to continue operating in the United States. .
”Protecting Americans from regulatory application laws by foreign adversariesIf the law is enacted, ByteDance will have about six months to sell TikTok. Mr. O'Leary claimed in an interview on Fox News' “The Martha McCallum Story” that he wanted to buy the company and outlined the terms of a potential deal. (Related: Lawmakers propose a U.S. ban on TikTok)
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“It's not prohibited because I'm going to buy it,” O'Leary said. “Somebody's going to buy it. It's not going to be meta, it's not going to be Google, because the regulators are going to stop it. There's going to be a syndicate formed. Of course I want to be a part of it.
“What I would do is create a bipartisan commission, an 18-month advisory board, and go to them and say, 'How much are you willing to keep the Chinese?'” In other words, , can you offer them 20% of NUCO? [National Underwriter Company] And then everything else is to hire an American CEO, an American executive, move the servers here to America, rewrite the code so that we can shut out the Chinese backdoor, that's what everyone wants. That's why,” he added. “But we can leave the Chinese preference. And we will impose an obligation for them to keep 20%.”
The House Energy and Commerce Committee voted unanimously Thursday to advance the bill.
“This is worth billions of dollars,” O'Leary said. “This is one of the most successful advertising platforms on social media today. All my companies use it. You can form a syndicate, because no one wants to fund this if they think it will fail politically, but if you make everything American, including the servers, you can get this deal done. I can. I want to buy it.”
Although experts support the bill, TikTok has voiced its opposition.
“This bill would completely ban TikTok, no matter how hard its creators try to hide it. This law would trample on the First Amendment rights of 170 million Americans, and 5 million SMEs will be deprived of the platform they depend on for growth and job creation,” the company said. Posted X Tuesday.
President Joe Biden said Friday he would sign the bill once it reaches his desk. Former President Donald Trump appeared to argue against banning TikTok on Thursday, out of concern that it would help Meta CEO Mark Zuckerberg's Facebook.
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