Hello and welcome to the details of Former Treasury Secretary Mnuchin putting together investors to buy TikTok, CNBC reports and now with the details
Nevin Al Sukari - Sana'a - Steven Mnuchin is looking for investors to purchase TikTok. — Reuters pic
NEW YORK, March 14 — Former US Treasury Secretary Steven Mnuchin is putting together an investor group to try to buy TikTok, he told CNBC today.
His comment comes just a day after the US House of Representatives passed a bill that would give the short-video app’s Chinese owner ByteDance about six months to divest the US assets or face a ban.
TikTok had called the bill a “ban” and urged senators to listen to their constituents before taking any action.
“I think the legislation should pass and I think it should be sold,” Mnuchin told CNBC’s “Squawk Box” today. “It’s a great business and I’m going to put together a group to buy TikTok,” he said.
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TikTok CEO Shou Zi Chew said yesterday that the company will exercise its legal rights to prevent a ban. — Reuters
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