Former Treasury Secretary Steven Mnuchin says he’ll put collectively an investor group to purchase TikTok, a day after the Home of Representatives handed a invoice that may ban the favored video app within the U.S. if its China-based proprietor does not promote its stake.
Talking on CNBC’s “Squawk Field,” Mnuchin stated Thursday that he believes TikTok ought to be bought.
“This ought to be owned by U.S. companies. There’s no means that the Chinese language would ever let a U.S. firm personal one thing like this in China,” Mnuchin stated on this system.
The Home invoice, handed by a vote of 352-65, now goes to the Senate, the place its prospects are unclear.
TikTok, which has greater than 170 million American customers, is a wholly-owned subsidiary of Chinese language know-how agency ByteDance Ltd.
