JAKARTA Kevin O'Leary, a well-known entrepreneur and investor through the reality show businesswoman Shark Tank, is interested in buying TikTok. Reportedly, Kevin partnered with other investors in this plan.
The investor is Frank McCort, founder of Project Liberty who made a bid proposal some time ago. Kevin stated that he has the same goal as Frank, which is to buy TikTok assets to rebuild his platform.
If ByteDance intends to release the video distribution platform, Kevin and other investors will develop TikTok as expected by the US government. They will optimize privacy protection against 170 TikTok users in the US.
"I want to work with him (Frank) because he has done more work on the algorithm," Kevin said at The Big Money Show, quoted from Foxbusiness on Monday, January 13. Apparently, Kevin has the same view as the US government.
The entrepreneur called TikTok a 'Chinese spy software' during his discussion on the purchase of the platform. By buying TikTok, Kevin believes that China can stop using large platforms to misuse US user data.
The official proposal containing plans to purchase TikTok assets Frank handed over to ByteDance on January 9. This purchase plan has been disclosed since May last year, but was only actually carried out when TikTok was almost banned in the country.
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In accordance with the divestment law that has been approved by US President Joe Biden, TikTok must break away from its parent company before January 19. If this regulation is not obeyed, TikTok will be banned in the US and the app must be removed from the Google Play Store and Apple App Store.
Although this ban could disrupt TikTok's business, the company is still surviving and doesn't want to break away from ByteDance. They even went against the regulations by seeking protection to the Supreme Court and Elected President Donald Trump.
Trump, openly, supported TikTok during his campaign. The former president used to hate TikTok a lot and have the same view as Biden. In fact, Trump became the first president to ban TikTok's presence.
However, Trump's views changed after TikTok approached him in person. Seeing TikTok's significant development in the US, and benefiting the country and its people, Trump felt that this platform needed to be protected.
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