"TikTok Sale: Mnuchin's Investor Group Warns of Challenges, Potential Buyers Emerge"

Kevin O'Leary, known as "Mr. Wonderful" on "Shark Tank," is interested in purchasing TikTok if a bill prohibiting Chinese ownership passes. He warns that Chinese proprietors won't sell the algorithm, posing challenges for U.S. buyers in retaining the user base and addressing data mining concerns. O'Leary notes the difficulty in determining the full purchase cost and cites the example of X (formerly Twitter) losing market value after ownership transfer. The bill to restrict foreign-controlled applications received bipartisan support, with concerns raised about executive power and national security.