Mnuchin Now Wants to Buy TikTok, Days After Leading NYCB Rescue
- Mnuchin said on CNBC that he has spoken to potential investors
- TikTok should be owned by a US business, Mnuchin said on CNBC
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Steven Mnuchin is targeting a purchase of TikTok from its Chinese parent company, a day after House lawmakers passed a bipartisan bill that would ban the wildly popular social media app in the US.
The former US Treasury Secretary has spoken to potential co-investors about acquiring TikTok, he said in an interview with CNBC on Thursday, declining to give any specifics. US lawmakers are pushing for a ban of the app unless its owner ByteDance Ltd. divests it, driven by concerns over Chinese government influence on the American public.