O'Leary Ventures Chairman and 'Shark Tank' star Kevin O'Leary has expressed interest in making an offer to purchase TikTok. He acknowledged the platform's significance as an entertainment and business network in the U.S., despite the current absence of a formal sale opportunity. The recent bipartisan bill, 'Protecting Americans from Foreign Adversary Controlled Applications Act,' passed by the House implies a potential separation of TikTok from its Chinese-operated parent company, ByteDance, within six months or a ban on its usage in the U.S. O'Leary hinted at purchasing the platform with other parties, noting a drastic decrease in its valuation to around $20 billion to $30 billion. He also highlighted the potential issue with user data if the app is sold to a U.S.-based owner. O'Leary emphasized that to achieve the same level of success under new ownership, the algorithm driving TikTok would need to be reprogrammed. This move follows TikTok CEO Shou Zi Chew's previous testimonies addressing privacy and data storage concerns. With his estimated net worth at $400 million, O'Leary's interest in acquiring TikTok sparks attention in the evolving tech and business landscape.