Former Treasury Secretary Steven Mnuchin said he is putting together an investor group to try to buy TikTok.
Mnuchin’s statements come shortly after the House of Representatives on Wednesday passed a bill that would force ByteDance to divest TikTok or the social media site would face a ban in the U.S.
“I think the legislation should pass and I think it should be sold,” Mnuchin told CNBC’s “Squawk Box” on Thursday. “It’s a great business and I’m going to put together a group to buy TikTok.”
Mnuchin did not specify who the other investors would be in such a deal.
This would not be the first high profile deal Mnuchin has been involved in since leaving the Treasury. Last week, Mnuchin’s Liberty Strategic Capital was a lead investor in a $1 billion capital raise to stabilize New York Community Bancorp.
Click this link for the original source of this article.
Author: Paul Bedard
This content is courtesy of, and owned and copyrighted by, https://www.offthepress.com and its author. This content is made available by use of the public RSS feed offered by the host site and is used for educational purposes only. If you are the author or represent the host site and would like this content removed now and in the future, please contact USSANews.com using the email address in the Contact page found in the website menu.