With the future of TikTok’s ownership hanging in the balance, two uber-rich, politically connected investors are lying in wait, hoping to snag the app if it’s ultimately put on the market.

The app’s availability in the U.S. has been thrown into jeopardy over data privacy and national security concerns.

Investor Kevin O’Leary has announced plans to purchase TikTok, with the popular social media platform facing a potential U.S. ban. O’Leary, known for his role on Shark Tank, has teamed up with billionaire Frank McCourt to lead a bid to save TikTok from being shut down in the U.

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

‘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.

TikTok might soon face a U.S. ban, but Shark Tank’s Kevin O’Leary isn’t sitting idly by.  He’s teamed up with Dodgers owner Frank McCourt to make a major

Kevin O’Leary, one of the venture capitalist “sharks” from the reality television show, said Monday that he had joined a group known as the People’s Bid for TikTok that has been putting together a bid for TikTok’s U.S. business. The effort is being spearheaded by billionaire Frank McCourt, who sold the Dodgers in 2012.

"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

Shark Tank's billionaire entrepreneur and former the Los Angeles Dodgers owner Frank McCourt has made a formal offer to buy TikTok.