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.

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

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.

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.

MrBeast, the internet’s most-followed and highest-earning content creator, has joined a new bid to buy TikTok. Most Read from BloombergTexas HOA Charged With Discrimination for Banning Section 8 RentersHow Sanctuary Cities Are Preparing for Another Showdown With TrumpWhat LA’s Fires Mean for the City’s Housing ShortageDeadly Landslide of Garbage Displays Uganda's Missed OpportunityLA Schools Wrecked by Fires Plead on GoFundMe for Help to ReopenThe YouTube star,

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.

The owners behind TikTok and other Chinese officials are debating what to do in the event that the U.S. Supreme Court upholds a law that would force a sale or ban TikTok in the U.S. Things are looking like they might be ruled that way,