KEVIN O'LEARY, A CANADIAN ENTREPRENEUR, OFFERS $20 BILLION IN CASH TO PURCHASE TIKTOK.
Kevin O'Leary, a Canadian investor and businessman, has made a financial offer of $20 billion to TikTok's founders to purchase the site. President Biden signed a Bi…
Dailyreelsblog
January 19, 2025
Kevin O'Leary, a Canadian investor and businessman, has made a financial offer of $20 billion to TikTok's founders to purchase the site.
President
Biden signed a Bill that deemed TikTok a national security danger
and required ByteDance, the Chinese parent firm of the site, to sell or divest
from the platform in order for TikTok to continue to be available in US app
stores. The deadline for ByteDance is Sunday.
In
response to TikTok's legal challenge, the Supreme Court upheld the ban on
Friday.
O'Leary mentioned the potential
penalties for any provider who permits access after the deadline during a
Friday appearance on Fox News' "America's Newsroom."
In an interview with anchor Bill Hemmer, O'Leary stated, "As of midnight
on the 19th, any service provide that could be an Apple, that could be an
Oracle, it could be a video compression technology company that is being paid
as a consulting service, any of them that keep this thing alive is subject to
$5,000 per day fine times 170 million." "That's more than $1 billion
every day."
O'Leary mentioned the potential
penalties for any provider who permits access after the deadline during a
Friday appearance on Fox News' "America's Newsroom."
In an interview with anchor Bill Hemmer, O'Leary stated, "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 is being paid
as a consulting service, any of them that keep this thing alive is subject to
$5,000 per day fine times 170 million." "That's more than $1 billion
every day."
Comments