"Complex"- Shark Tank's Kevin O'Leary opens up about the challenges of the TikTok deal 

Shark Tank investor Kevin O'Leary, alongside American businessman Frank McCourt, has been setting their sights on acquiring the popular app TikTok for quite some time. However, the recent announcement by Commander-in-Chief Donald Trump regarding the creation of a Sovereign Wealth Fund for the US has thrown a new obstacle into their ambitious plans.

The stakes are becoming higher every day passing, and the journey to secure TikTok is becoming even more complicated. The acquisition of TikTok requires a fine amalgamation of adhering to the recent Supreme Court ruling along with creating an effective algorithm.

To provide a little perspective, the establishment of a Sovereign Wealth Fund will allow the US government to acquire assets for national wealth generation, giving tough competition to already existing players like Saudi Arabia and Norway. In this situation, Kevin O'Leary is banking on the conduit he has created with Frank McCourt, which relies on bringing stakeholders into the loop.

Sharing the challenges that are surrounding the acquisition of the app TikTok, Kevin O'Leary remarked during his interview with Fox News:

"Well, you know, TikTok is really Trump's deal now. If he wants to have ownership of, TikTok through a sovereign wealth fund, I'm sure that's fine. The point is, the TikTok deal is a little more complex right now, and I'm pretty close to it."

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Shark Tank investor Kevin O'Leary has found a way to strike the right deal to acquire the TikTok

With ever-pouring new challenges and new competitors emerging, Kevin O'Leary is keen to offer a deal with Frank McCourt that satisfies the procedures, market, and technical requirements to buy TikTok.

Opening up about his offer, the Shark Tank judge, O'Leary shared that he has found a way to comply with the Supreme Court's ruling alongside solving the issues related to the algorithm of the app. He is willing to tag along with the designer and founder of the app, Mi Ying.

"We don’t yet know if we can get YiMing to the table and do a joint venture with the founder and the genius that created the algorithm," said Shark Tank's Kevin O'Leary.

Kevin O'Leary is wondering about achieving the unparalleled task of getting Mi Ying on the table. However, he is not sure if something of that sort could be done, but he is open to the idea of a Sovereign Wealth Fund which could bring in a few billion, and it appears there is no harm in it.

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Kevin O'Leary features in Shark Tank Season 16 as a lead Investor.