Shark Tank investor Kevin O'Leary is bidding $20 billion in cash to save TikTok from getting banned in America.

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President-elect Donald Trump says he "most likely" will give TikTok 90 more days to work out a deal that would allow the popular video-sharing platform to avoid a U.S. ban.

NBC News reports that TikTok has boosted advertisements for Lemon8, an application also owned by ByteDance, in recent days.

Kevin O'Leary, also known as Mr. Wonderful, offered TikTok's owners $20 billion in cash to buy the social media platform.