Kevin O'Leary announced his willingness to pay $20 billion in cash for TikTok, emphasizing the urgency due to a Supreme Court ruling upholding a ban on the platform.
O'Leary remarked that unless TikTok is sold to an American syndicate or the Biden administration acts, the platform could face a midnight shutdown due to immense legal risks.
He expressed concern about the unknowns of TikTok's algorithm and data usage which influenced Congress's order for the Supreme Court, indicating the risks involved.
O'Leary mentioned, 'Right now, $20 billion is on the table – cash, cash. 20 billion,' revealing the extent of financial commitment expected to secure the deal.
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