O'Leary Eyes TikTok Deal
This is a U.S. news story, published by CNBC, that relates primarily to Kevin O'Leary news.
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TikTok dealCNBC
•Technology
Technology
Kevin O'Leary says he would 'love to do a TikTok deal,' but the law prevents it
77% Informative
Canadian investor Kevin O'Leary is still interested in a TikTok deal, but says it's not possible under current law.
Trump extended the deadline for a ban on TikTok on the social media platform on Monday .
The Canadian businessman said he would love to work with Trump on a deal for U.S. owners to take a 50% stake in the platform.
Legal status of TikTok and Trump 's executive order remains uncertain.
President Donald Trump reportedly suggested he could impose tariffs on China if a U.S. deal with TikTok was not approved.
O'Leary said he would consider the likelihood of Tesla CEO Elon Musk or Oracle Chairman Larry Ellison buying TikTok .
The deal is still expected to be negotiated between Trump and Chinese President Xi Jinping .
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