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Former Treasury Secretary Mnuchin is putting together an investor group to buy TikTok
Mnuchin did not specify who the other investors would be in such a deal or the potential valuation for the social media site.
Former Treasury Secretary Steven Mnuchin is building an investor group to acquire ByteDance's TikTok, as a bipartisan piece of legislation winding its way through Congress threatens its continued existence in the U.S. The House of Representatives on Wednesday passed a bipartisan bill that if signed into law would force ByteDance to either divest its flagship global app or face an effective ban on TikTok within the U.S. Major tech investors, including Peter Thiel, Vinod Khosla and Keith Rabois, have publicly or privately decried the social media platform as a pernicious influence.
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