"Former Treasury Secretary Mnuchin Forms Investor Group to Acquire TikTok Amid US Ban Concerns"

Former Treasury Secretary Steven Mnuchin is assembling an investor group to purchase TikTok amid concerns about its Chinese ownership posing a national security threat. The House passed a bill that would ban the app in the U.S. if its Chinese owner doesn't sell its stake, prompting Mnuchin's move. TikTok denies being a tool of Chinese authorities, but the U.S.-China rivalry has heightened concerns. The bill would require ByteDance to sell TikTok to a U.S.-approved buyer within 180 days. Mnuchin emphasized the need for an independent buyer to avoid antitrust issues, and Trump and his allies oppose the bill, while some Democrats express concerns about singling out one company. This isn't the first time a TikTok sale has been in play, with a previous deal involving Oracle and Walmart falling through in 2020.