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Former U.S. Treasury Secretary Under Trump Says He’ll Put Together Investor Group to Buy TikTok
On TikTok, the former U.S. Treasury Secretary has revealed his investor acquisition plan, saying he'll put together an investor group to buy the app.
Former Treasury Secretary Steven Mnuchin said Thursday that he will put together an investor group to buy TikTok after the House passed a bill that would ban the popular video app in the U.S. if its China-based owner does not sell its stake. During an interview on CNBC’s “Squawk Box,” Mnuchin, who served under President Donald Trump, said he had spoken “to a bunch of people” about creating an investor group that would purchase the popular social media company. When Mnuchin was Treasury secretary, the Trump administration brokered a deal in 2020 that would have had U.S. corporations Oracle and Walmart take a large stake in TikTok on national security grounds.
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