Yahoo Finance

Kevin O'Leary wants to save TikTok for its 6M+ entrepreneurs

The deadline for Chinese company ByteDance to divest into TikTok US or face a nationwide ban is quickly approaching. O’Leary Ventures chairman Kevin O'Leary, who is a member of Project Liberty, a group looking to buy TikTok, joins Asking for a Trend's Josh Lipton to discuss why he wants to maintain TikTok in the US. O'Leary has met with President-elect Donald Trump to discuss the looming TikTok ban. He notes that he told Trump, "What I care about the most are the six plus million entrepreneurs that make a living ... and support their families with TikTok ... those are two generations of Shark Tankers, as I call them." The venture capitalist says the group has "put out an indication of what we think it's worth, around $20 billion" to take over TikTok. Watch the video above to learn more about O'Leary's efforts to save TikTok in the ninth hour. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here. This post was written by Naomi Buchanan.