Ex-treasury secretary tells CNBC of plans a day after US House passes bill giving app’s owner six months to divest or face US ban
Steven Mnuchin is putting together an investor group to try to buy TikTok, he told CNBC on Thursday.
The former US treasury secretary’s comment comes just a day after the US House of Representatives passed a bill that would give the short-video app’s Chinese owner ByteDance about six months to divest the US assets or face a ban. If it did not, app stores including the Apple App Store and Google Play would be legally barred from hosting TikTok or providing web-hosting services to ByteDance-controlled applications.
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