Canadian businessman and investor Kevin O’Leary has offered TikTok owners $20 billion in cash to acquire the platform.
O’Leary noted during an appearance on Fox News’ “America’s Newsroom” on Friday that any provider that allows access after the deadline could face fines.
“As of midnight on the 19th, any service provider… it could be Apple, it could be Oracle, it could be a video compression technology company that’s paid as a consulting service, any company that keeps this thing alive is going to be affected.” That’s $5,000 a day multiplied by $170 million,” O’Leary told anchor Bill Hemmer in the interview. “It’s over a billion dollars a day.”
“We don’t know whether an executive order can overturn a law of Congress. There was a case in 1937 where it was used successfully, but you don’t know that.
O’Leary went on to say that he offered $20 billion to acquire the social media platform, which has 170 million U.S. users.
“Right now, $20 billion is on the table, cash, cash, $20 billion,” O’Leary said at the end of the conference call touting his bid.
He said he was waiting to see if the offer would be enough.
Guys, what do you think?
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