"Former Treasury Secretary Mnuchin Forms Investor Group to Buy TikTok Amid Lawmakers' Concerns"
TL;DR Summary
Former Treasury Secretary Steven Mnuchin is assembling an investor group to purchase TikTok, following the House of Representatives passing a bill that would require ByteDance to divest the social media platform or face a U.S. ban. Mnuchin emphasized the need for TikTok to be owned by U.S. businesses, citing concerns about Chinese influence. The potential deal's other investors and valuation remain unspecified, and the bill's fate now rests with the Senate, with President Biden indicating willingness to sign it if passed.
- Former Treasury Secretary Mnuchin is putting together an investor group to buy TikTok CNBC
- Trump Treasury Head Steve Mnuchin Says He's Putting Together Group To Buy TikTok And Avoid Ban Forbes
- A wrinkle in lawmakers’ plans for TikTok: Finding a willing buyer CNN
- US lawmakers see TikTok as China's tool, even as it distances itself from Beijing The Associated Press
- Why a Sale of TikTok Would Not Be Easy The New York Times
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