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<div id="view">
    <div data-bind="invisible: isInvisible">some content

    </div>
     <button data-bind="click: show">Show</button>
</div>
<script>
    var viewModel = kendo.observable({
        isInvisible: true,
        show: function () {
            this.set("isInvisible", false);
        }
    });

    kendo.bind($("#view"), viewModel);
</script>