Former Treasury Secretary , Looking to Form Investor Group , to Purchase TikTok.<br />NBC reports that former Treasury Secretary <br />Steven Mnuchin is looking to put together an <br />investor group to acquire ByteDance's TikTok.<br />NBC reports that former Treasury Secretary <br />Steven Mnuchin is looking to put together an <br />investor group to acquire ByteDance's TikTok.<br />The news comes as a bipartisan bill works its <br />way through Congress that threatens to bring an <br />end to the platform's existence in the United States.<br />The news comes as a bipartisan bill works its <br />way through Congress that threatens to bring an <br />end to the platform's existence in the United States.<br />On March 13, the House of Representatives passed <br />the bill, which would force ByteDance to divest <br />the platform or face a ban on the app in the U.S.<br />I think the legislation should <br />pass and I think it should be sold. <br />It’s a great business and I’m going <br />to put together a group to buy TikTok, Steven Mnuchin, Former Treasury Secretary, via CNBC’s “Squawk Box”.<br />This should be owned by <br />U.S. businesses. There’s no <br />way that the Chinese would <br />ever let a U.S. company own <br />something like this in China, Steven Mnuchin, Former Treasury Secretary, via CNBC’s “Squawk Box”.<br />NBC points out that the bill still requires Senate approval <br />before it heads to President Joe Biden, who has indicated <br />that he would support the bill if it passes through Congress.<br />NBC points out that the bill still requires Senate approval <br />before it heads to President Joe Biden, who has indicated <br />that he would support the bill if it passes through Congress.<br />However, TikTok CEO Shou Zi Chew has said <br />that selling TikTok is not a viable option. .<br />According to PitchBook data, , ByteDance was valued at , $220 billion in 2023. .<br />Mnuchin has yet to specify the potential valuation <br />of a deal to acquire the social media platform <br />or which investors may be interested in the deal.<br />At the same time, the 'Wall Street Journal' reported that <br />former Activision Blizzard CEO Bobby Kotick has also <br />expressed interest in a deal to purchase TikTok.<br />At the same time, the 'Wall Street Journal' reported that <br />former Activision Blizzard CEO Bobby Kotick has also <br />expressed interest in a deal to purchase TikTok
