"Business Leaders Vying to Acquire TikTok Amid Ban Threats"

Kevin O'Leary, chairman of O'Leary Ventures and "Shark Tank" star, has offered to purchase TikTok from China and relocate its operations to the U.S. in response to potential legislative action against the app. O'Leary aims to create a new American company, ensuring servers are on American soil and eliminating Chinese back doors in the code for user safety. He plans to work with lawmakers to oversee the transition and is open to leaving a minority stake with the Chinese. The proposed legislation would require TikTok's Chinese parent company ByteDance to divest its applications within 180 days or face a ban, and O'Leary's offer comes amid bipartisan support for the bill.