Former Treasury Secretary Steven Mnuchin Says He’s Getting Together Investor Group To Buy TikTok
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deadline.comSteven Mnuchin, the former treasury secretary and film financier, says that he’s getting an investor group together to try to buy TikTok.
His comments to CNBC follow the House of Representatives’ overwhelming passage of a bill that would force TikTok’s Chinese parent company, ByteDance, to sell the popular app or face a ban on distribution in the United States. “I think it should be sold.
I understand the technology. It’s a great business, and I’m going to put together a group to buy TikTok,” Mnuchin told CNBC’s Squawk Box today.
He did not indicate which investors would be involved in an effort to buy the app, but he said that “it would be a combination of investors.
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