Earlier this afternoon Kevin O’Leary also known as Mr. Wonderful announced on CNBC the new group he announced this morning was close to a deal for TikTok’s US assets. O’Leary earlier joined the bid for TikTok called “The People’s Bid For TikTok”. Unlike other bids that seem to be more business than anything this bid presents itself as something different. This tacs onto O’Leary moves earlier this year which was the launch of a crowdfunding effort for individuals to register interest. This effort is now going to be folded into The People’s Bid.

This crowdfunding effort was done to bring the small and family-owned businesses that relies on TikTok to actually get an equity stake. No matter the size of the stake any stake in a company like TikTok would be a huge boost for these businesses.

With January 19th rapidly approaching and no news yet on if the Supreme Court would stay the law that targets TikTok Bytedance and the CCP likely are getting a little concerned about the future of the app. Even if they get a stay it isn't like it will be forever and will likely be heard and decided by June.

God knows how much it would cost and if the announcement would allow operations to continue as its sale is finalized as this will be a huge complex deal. I guess we will see but maybe just maybe it might happen and we can avoid this whole situation.