Former Treasury Secretary Looking to Form Investor Group to Purchase TikTok from 3gpmeli tiktok Watch Video

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✓ Published: 14-Mar-2024

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Former Treasury Secretary , Looking to Form Investor Group , to Purchase TikTok.<br/>NBC reports that former Treasury Secretary <br/>Steven Mnuchin is looking to put together an <br/>investor group to acquire ByteDance's TikTok.<br/>NBC reports that former Treasury Secretary <br/>Steven Mnuchin is looking to put together an <br/>investor group to acquire ByteDance's TikTok.<br/>The news comes as a bipartisan bill works its <br/>way through Congress that threatens to bring an <br/>end to the platform's existence in the United States.<br/>The news comes as a bipartisan bill works its <br/>way through Congress that threatens to bring an <br/>end to the platform's existence in the United States.<br/>On March 13, the House of Representatives passed <br/>the bill, which would force ByteDance to divest <br/>the platform or face a ban on the app in the U.S.<br/>I think the legislation should <br/>pass and I think it should be sold. <br/>It’s a great business and I’m going <br/>to put together a group to buy TikTok, Steven Mnuchin, Former Treasury Secretary, via CNBC’s “Squawk Box”.<br/>This should be owned by <br/>U.S. businesses. There’s no <br/>way that the Chinese would <br/>ever let a U.S. company own <br/>something like this in China, Steven Mnuchin, Former Treasury Secretary, via CNBC’s “Squawk Box”.<br/>NBC points out that the bill still requires Senate approval <br/>before it heads to President Joe Biden, who has indicated <br/>that he would support the bill if it passes through Congress.<br/>NBC points out that the bill still requires Senate approval <br/>before it heads to President Joe Biden, who has indicated <br/>that he would support the bill if it passes through Congress.<br/>However, TikTok CEO Shou Zi Chew has said <br/>that selling TikTok is not a viable option. .<br/>According to PitchBook data, , ByteDance was valued at , $220 billion in 2023. .<br/>Mnuchin has yet to specify the potential valuation <br/>of a deal to acquire the social media platform <br/>or which investors may be interested in the deal.<br/>At the same time, the 'Wall Street Journal' reported that <br/>former Activision Blizzard CEO Bobby Kotick has also <br/>expressed interest in a deal to purchase TikTok.<br/>At the same time, the 'Wall Street Journal' reported that <br/>former Activision Blizzard CEO Bobby Kotick has also <br/>expressed interest in a deal to purchase TikTok