Investor Kevin O’Leary announced that he partnered with an initiative seeking to acquire TikTok. The announcement comes as the social media platform is set to be banned across the United States later this month.
“Internationally recognized investor and entrepreneur Kevin O’Leary joins forces with The People’s Bid for TikTok, an effort led by Project Liberty Founder Frank McCourt,” a press release on the matter said. “The bid aims to purchase TikTok’s U.S. assets and rebuild the platform in a way that prioritizes the privacy of its 170 million American users.”
“Joining The People’s Bid for TikTok is an opportunity to take action on an issue I’m deeply passionate about – protecting privacy and creating value for users,” O’Leary stated. “TikTok has immense potential—not just as a tool for creators and businesses, but as a cornerstone of a more secure, people-centered digital future. Together with Frank, we aim to deliver an American-owned platform that safeguards national security while empowering its 170 million U.S. users to thrive. With the January 19 deadline quickly approaching, I’m confident that our shared vision, paired with President-elect Trump’s business acumen, will lead to a deal that benefits everyone.”
The People’s Bid is an effort from Project Liberty that “aims to capitalize on the once-in-a-lifetime opportunity to redesign TikTok to help Americans reclaim their digital independence.” The move would “give TikTokers control of their data and provide creators and businesses ownership of the relationships they’ve worked so hard to build.”
Project Liberty is an initiative that seeks to give people control over their digital presence.
