Home National Former Treasury Secretary Mnuchin Eyes TikTok Acquisition as White House Urges Senate Action

Former Treasury Secretary Mnuchin Eyes TikTok Acquisition as White House Urges Senate Action

by Sonia Park
Former Treasury Secretary Mnuchin Eyes TikTok Acquisition as White House Urges Senate Action

Former Treasury Secretary Steven Mnuchin is making moves to acquire TikTok, the popular video-sharing app owned by Chinese tech giant ByteDance, as the White House calls on the Senate to pass legislation aimed at regulating the platform's ownership and operations.

https://youtu.be/-9E3uJxA2mI

Mnuchin revealed his plans to CNBC, stating that he is assembling an investor group to purchase TikTok from ByteDance. His bid comes in the wake of a recent House vote approving a bill that would compel ByteDance to sell TikTok within 180 days or face a ban in. . .

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