Investor Kevin O’Leary said on Friday that he is willing to pay tens of billions of dollars for TikTok, the social media app that the U.S. Congress passed a law to force the sale of due to its control by the Chinese Communist Party.
“As of midnight on the 19th, any service provider — that could be an Apple, that could be an Oracle, it could be a video compression technology company that’s being paid as a consulting service, any of them — to keep this thing alive, it’s subject to [a] $5,000 a day fine times 170 million,” he said. “That’s over $1 billion a day.”
“So as of right now, unless the company enters into an agreement to be purchased by an American syndicate — and Biden, who’s the executive right now, waives for 90 days — this thing goes dark at midnight because who’s going to take on a billion risk at midnight?” he continued. “Who’s going to…
