O'Leary is teaming up with billionaire Frank McCourt to make a play for the app, which faces a nationwide-looking U.S. ban.

"Kevin and I, along with the thousands of supporters who have come forward to back The People's Bid, firmly believe we can build a better TikTok," McCourt said.

Kevin O’Leary of Shark Tank fame has announced that he is joining a consortium pushing to buy TikTok before the company’s ban in the US. The deadline for the Chinese-owned company’s sale or demise is just eleven days away; and the company’s C-Suite is desperately trying to make a deal with the incoming Trump administration.

‘Shark Tank’ investor Kevin O’Leary is hoping to buy TikTok from ByteDance. The potential acquisition comes at a crucial time for the platform, which has over 170 million users in the United States alone.

Shark Tank’s Kevin O’Leary — a.k.a. “Mr. Wonderful”—said he’s nearing a deal to buy TikTok from its Chinese-owned parent company ByteDance to avoid the U.S. ban on the social media app.

O'Leary, often referred to as "Mr. Wonderful" on Shark Tank, received many excited replies on social media. "I lend you $50b, and for every TikTok video, I take 10% of the revenue, in perpetuity" - Mr Wonderful," wrote one fan, mimicking the mogul's deal-making style from the show. "You're one person I trust. All The best!" wrote another fan.

"Shark Tank" star Kevin O'Leary said he's nearing a deal to purchase TikTok's U.S. business in a move that would save it from being banned

Kevin O’Leary says he has a plan to save TikTok from a U.S. ban. The investor, of Shark Tank fame, told Fox News he and former Los Angeles Dodgers owner Frank McCourt, 71, have teamed up with other businessman to raise funds to purchase the Beijing-based social media giant’s U.