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Published 2 months ago

Former Treasury Secretary Mnuchin is putting together an investor group to buy TikTok

  • Former US Treasury Secretary Steven Mnuchin plans to form an investor group to acquire TikTok, aiming to prevent a ban and seek Chinese approval.
  • Mnuchin emphasizes the importance of maintaining TikTok's operational independence and ensuring no single entity controls more than 10% of the company.
  • The US House of Representatives passed a bill giving ByteDance six months to divest TikTok's US assets or face a ban, prompting concern over loss of revenue and jobs.
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