US EditionFormer Treasury Secretary Mnuchin is putting together an investor group to buy TikTok
- Former US Treasury Secretary Steven Mnuchin plans to form an investor group to acquire TikTok, aiming to prevent a ban and seek Chinese approval.
- Mnuchin emphasizes the importance of maintaining TikTok's operational independence and ensuring no single entity controls more than 10% of the company.
- The US House of Representatives passed a bill giving ByteDance six months to divest TikTok's US assets or face a ban, prompting concern over loss of revenue and jobs.
144 Articles
144 Articles
TikTok needs a conservative US buyer - Washington Examiner
The prospect of TikTok needing a U.S. buyer increased this week after the House of Representatives passed a bill that would require the social media app’s parent company, ByteDance, to divest from the app or face a ban. On a 352-65 vote on Wednesday, the House showed unusual bipartisanship and passed a bill that would force the app to decouple from China or be banned in the United States. The app’s connection to the Chinese Communist Party has r…
Former Treasury Secretary Steve Mnuchin says he’s putting together investor group to buy TikTok - Hawaii Tribune-Herald
Former Treasury Secretary Steven Mnuchin said Thursday that he will put together an investor group to buy TikTok after the House passed a bill that would ban the popular video app in the U.S. if its China-based owner does not sell its stake.
According to Steven Mnuchin, the app should belong to an American company in the future, but not under the control of large tech conglomerates.
Under the pretext of national security, the United States House of Representatives passed a law that will lead to a ban on TikTok across the country. Despite the risks it poses in economic terms, the fear that the social network of short videos will become a focus of Chinese espionage has been used to try to veto it. However, there is a possible savior that comes from Donald Trump's environment. Specifically, from Steve Mnuchin, Secretary of the…
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