Shark Tank's Kevin O'Leary says he's about to buy TikTok

Kevin O'Leary is ready to make a deal to stop the United States TikTok to forbid.

THE Shark tank the star has teamed up with other entrepreneurs, including the former owner of the Los Angeles Dodgers Frank McCourt– to lead a bid to purchase the social media platform from its Beijing-based parent company, ByteDance, which was required by U.S. authorities to sell its assets to a U.S. buyer or face a nationwide ban .

However, O'Leary believes he needs help from the president-elect. Donald Trump to complete the job.

“Trump will be the one we have to work with to get the deal done in the months to come,” he said during a Jan. 6 appearance on Fox News. The Story with Martha MacCallumby The wrap. “So I wanted to let him and other members of his cabinet know that we're doing this and we're going to need their help.”

Why does O'Leary want to buy TikTok?

“It’s not just about buying TikTok’s U.S. assets,” he said. wrote in a message dated January 6 on X, formerly Twitter. “It’s about something much bigger: protecting the privacy of 170 million American users.”