Former 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.
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Leaning Left32Leaning Right33Center41Last Updated2 months agoBias Distribution39% Center