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Former Treasury Secretary Steven Mnuchin is open to buying TikTok after the House passed a bill that would force China-based parent company ByteDance to sell TikTok to U.S. interests over national security concerns. We are forming a US investor group.
“This is a great business, and we’re going to put together a group to buy TikTok…because TikTok should be owned by an American company,” Mnuchin said Thursday on CNBC’s “Squawkbox.”
Former Treasury Secretary Steven Mnuchin attends the Future Investment Initiative Association Priorities Summit on March 30, 2023 in Miami, Florida. (Marco Bello/Bloomberg via Getty Images/Getty Images)
House passes bill that could ban TikTok in the US
Secretary Mnuchin said that during the Trump administration, when he was Treasury secretary and chairman of the Committee on Foreign Investment in the United States (CFIUS), he “forced President Trump to sign an order to sell TikTok.” Mnuchin said he still believes TikTok should be sold and that the House bill should pass the Senate.
FCC Commissioner says TikTok is a ‘clear and present danger’ to US national security
CFIUS has been investigating TikTok for years under President Biden, but has not forced the company to sell in order to continue operating in the United States.
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