The Briefing Room
General Category => National/Breaking News => Topic started by: mystery-ak on March 14, 2024, 02:17:41 pm
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Ex-Treasury Secretary Steven Mnuchin organizing group to bid for TikTok
Move comes as Congress weighs forcing Chinese owners to sell or shut down
Thursday, March 14, 2024
Former Treasury Secretary Steven Mnuchin said Thursday he is trying to buy TikTok as part of an investor group, adding intrigue to the complex political drive on Capitol Hill to strip ownership of the wildly popular app from its Chinese parent company.
Mr. Mnuchin, speaking on CNBC’s “Squawk Box,” said he understands the technology behind TikTok and “it’s a great business.”
“I’m going to put together a group to try and buy TikTok,” he said. “It should be owned by U.S. businesses.”
Mr. Mnuchin, a noted investor who now heads Liberty Strategic Capital, revealed his plans one day after the House passed a bipartisan bill that requires TikTok’s Chinese owner, ByteDance, to either sell off its U.S. operation or cease to offer the app in the American market.
more
https://www.washingtontimes.com/news/2024/mar/14/ex-treasury-secretary-steven-mnuchin-organizing-gr/