Former Treasury Secretary Mnuchin putting together investors to buy TikTok, CNBC reports


A person arrives at the offices of Tik Tok after the U.S. House of Representatives overwhelmingly passed a bill that would give TikTok's Chinese owner ByteDance about six months to divest the U.S. assets of the short-video app or face a ban, in Culver City, California, U.S., March 13, 2024. REUTERS/Mike Blake/File Photo

(Reuters) - Former U.S. Treasury Secretary Steven Mnuchin is putting together an investor group to try to buy TikTok, he told CNBC on Thursday.

His comment comes just a day after the U.S. House of Representatives passed a bill that would give the short-video app's Chinese owner ByteDance about six months to divest the U.S. assets or face a ban.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

Sequoia to join GIC, Coatue in Anthropic investment, FT reports
South Korea to negotiate with the US for favourable chip tariff terms, official says
'Take a break': YouTube targets the endless scrolling of teens
Elon Musk's X limits Grok's sexually explicit AI image generation
Buy Steve Jobs' bow ties, desk and more Apple history at this auction
Amazon testing drone flights in UK ahead of 2026 air delivery launch
Musk seeks up to $134 billion from OpenAI and Microsoft
EU to bar Chinese suppliers from critical infrastructure, FT reports
South Korea says US chip tariff to have limited immediate impact
Gmail users must make major decision regarding new AI features in their email

Others Also Read