Canadian investor and Shark Tank star Kevin O’Leary is still interested in a TikTok deal, but it’s not possible under current law, he told CNBC.

Kevin O’Leary says that he’s still interested in a deal for TikTok, but that it’s no longer legally viable, even after Trump extended a ban on the platform.

House Majority Leader Steve Scalise (R-La.) said he had a “great meeting” with Kevin O’Leary on Tuesday at the White House. “It’s a new era of AMERICAN business growth with President Trump

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Kevin O’Leary says that he’s still interested in deal for TikTok, but that it’s no longer legally viable, even after Trump extended a ban on the platform.

China’s foreign and commerce ministries didn’t immediately respond to requests for comment on whether Beijing would allow the American government to own part of TikTok.

President Donald Trump said he would be open to billionaire supporter Elon Musk or Oracle Corp. Chairman Larry Ellison purchasing social video app TikTok as part of a joint venture with the US government.

What happens on your smartphone once a US law banning the social media app TikTok takes effect on Sunday? It will depend on the actions of TikTok parent ByteDance, President Joe Biden, President-elect Donald Trump,

The Supreme Court upheld a US law that bans TikTok on Jan. 19 unless it is sold to an owner not controlled by a foreign adversary, a ruling that creates new uncertainty for a social-media app used by 170 million Americans.

The high court's decision could set the stage for usage of TikTok to end in the U.S., as the law calls for app stores and other enterprises to stop supporting it. TikTok reportedly may be ready to shut down entirely on Sunday and to direct users to a site with information about the ban.

NEW YORK (AP) — The supremely popular TikTok could be banned on Jan. 19 under a federal law that forces the video sharing platform to divest itself from its China-based parent company, ByteDance, or shut down its U.S. operations.

While Trump made efforts to ban TikTok during his first term, he switched his stance on the app last year. Trump asked the Supreme Court last month to put the brakes on the law targeting TikTok, saying he wanted to "negotiate a resolution" to save the social-media platform while addressing national-security concerns.