Yahoo Finance

Investor and “Shark Tank” star Kevin O’Leary is willing to pay up to $20 billion for TikTok, calling it a“legacy opportunity.”

The famed investor, who’s teaming up with a consortium of business professionals led by billionaire Frank McCourt Jr., told Yahoo Finance that the group’s proposal — which excludes the platform’s algorithm — represents a compelling deal.

“We want to make it clear … that we are a buyer,” O’Leary said. “We’ve got a valid syndicate. We’re prepared to put up as much as $20 billion, and we don’t need the algorithm. We don’t want the algorithm.”

McCourt, the founder of internet advocacy group Project Liberty and former owner of the LA Dodgers, recently expressed optimism about a potential deal on Yahoo Finance’s Opening Bid podcast.