Kevin O’Leary’s $20B TikTok offer is rejected as ByteDance confirms it won’t sell the key technology behind the app’s success.

ByteDance, TikTok’s parent company, is required to sell the app to a U.S.-based buyer or face a nationwide ban.

Canadian investor and Shark Tank star Kevin O’Leary is still interested in a TikTok deal, but it’s not possible under current law, he told CNBC. President Donald Trump on Monday delayed by 75 days the imposition of a law that would effectively ban ByteDance’s (BDNCE) TikTok in the U.

Kevin O'Leary, "Mr. Wonderful" from Shark Tank, discussed the legal challenges a buyer would face if TikTok's parent company, ByteDance, decided to sell. On January 23, 2025, O'Leary shared clips ...

Mark Cuban is leaving no room for doubt when it comes to Kevin O'Leary's plan to buy TikTok's U.S. operations. The billionaire investor and “Shark Tank” star took to X to critique the bid, calling it a long shot and warning O'Leary about the risks involved.

"Shark Tank" investor Kevin O'Leary discussed TikTok's future, particularly the role of a "secret golden share" as his offer for the platform remains on the table.

TikTok is a huge part of American online culture, with millions of users consuming, posting and sharing content every day. But the app’s future in the U.S. is uncertain. If its parent company, ByteDance, doesn’t agree to a sale, TikTok faces a nationwide ban following the passage of a national security law in April.

Kevin O’Leary, the businessman of Shark Tank fame ... effect on January 19 because TikTok’s Chinese parent company, ByteDance, refused to sell it — are subject to enormous fines.

ByteDance has repeatedly stated it has no desire to sell TikTok, yet O’Leary has been persistent in his campaign to buy the U.S. arm of the platform — even without the algorithm in place.

Shark Tank star, Kevin O'Leary has once again come forward during the TikTok controversy with a bold plan to save the platform.

Kevin O’Leary says that he’s still interested in deal for TikTok, but that it’s no longer legally viable, even after Trump extended a ban on the platform.

Bill Ford, the CEO of ByteDance shareholder General Atlantic, said Wednesday he was confident that a deal will be reached to ensure TikTok stays online in the US — and suggested there may be