Former Treasury Secretary Steve Mnuchin says he's going to put together investor group to buy TikTok
Former Treasury Secretary Steven Mnuchin says he’s going to put together an investor group to buy TikTok, a day after the House of Representatives passed a bill that would ban the popular video app in the U.S. if its China-based owner doesn’t sell its stake
By Associated Press
Published - Mar 14, 2024, 09:06 AM ET
Last Updated - Mar 14, 2024, 09:06 AM EDT
Former Treasury Secretary Steven Mnuchin says he's going to put together an investor group to buy TikTok, a day after the House of Representatives passed a bill that would ban the popular video app in the U.S. if its China-based owner doesn't sell its stake.
Speaking on CNBC's “Squawk Box,” Mnuchin said Thursday that he believes TikTok should be sold.
“This should be owned by U.S. businesses. There’s no way that the Chinese would ever let a U.S. company own something like this in China,” Mnuchin said on the program.
The House bill, passed by a vote of 352-65, now goes to the Senate, where its prospects are unclear.
