Former Treasury Secretary Steven Mnuchin said Wednesday he is putting together a group of investors to that will try to buy TikTok, which may soon be forced to come up for sale.
The one-time Goldman Sachs executive told CNBC he will lead a group in an attempt to take over China-based ByteDance’s hugely popular short video app, after legislation demanding it be sold to a US company or banned outright moves to the Senate after overwhelmingly passed in the House of Representatives. President Biden has said he will sign the bill.
“I think the legislation should pass and I think it should be sold,” said Mnuchin, who now leads the private-equity firm Liberty Strategic Capital.
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