"Steven Mnuchin Assembles Investor Group to Acquire TikTok Amid U.S.-China Tensions"

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Source: The Guardian US
"Steven Mnuchin Assembles Investor Group to Acquire TikTok Amid U.S.-China Tensions"
Photo: The Guardian US
TL;DR

Former US treasury secretary Steven Mnuchin is assembling an investor group to purchase TikTok, following the US House of Representatives passing a bill giving the app's Chinese owner, ByteDance, about six months to divest its US assets or face a ban. Mnuchin expressed support for the legislation and the sale of TikTok, calling it a "great business," while TikTok's CEO stated the company will use legal means to prevent a ban.

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