Former Treasury Secretary Looking to Form Investor Group to Purchase TikTok
Video Credit: Wibbitz Top Stories - Duration: 01:31s - Published
Former Treasury Secretary Looking to Form Investor Group to Purchase TikTok
Former Treasury Secretary , Looking to Form Investor Group , to Purchase TikTok.
NBC reports that former Treasury Secretary
Steven Mnuchin is looking to put together an
investor group to acquire ByteDance's TikTok.
NBC reports that former Treasury Secretary
Steven Mnuchin is looking to put together an
investor group to acquire ByteDance's TikTok.
The news comes as a bipartisan bill works its
way through Congress that threatens to bring an
end to the platform's existence in the United States.
The news comes as a bipartisan bill works its
way through Congress that threatens to bring an
end to the platform's existence in the United States.
On March 13, the House of Representatives passed
the bill, which would force ByteDance to divest
the platform or face a ban on the app in the U.S.
I think the legislation should
pass and I think it should be sold.
Itâs a great business and Iâm going
to put together a group to buy TikTok, Steven Mnuchin, Former Treasury Secretary, via CNBCâs âSquawk Boxâ.
This should be owned by
U.S. businesses.
Thereâs no
way that the Chinese would
ever let a U.S. company own
something like this in China, Steven Mnuchin, Former Treasury Secretary, via CNBCâs âSquawk Boxâ.
NBC points out that the bill still requires Senate approval
before it heads to President Joe Biden, who has indicated
that he would support the bill if it passes through Congress.
NBC points out that the bill still requires Senate approval
before it heads to President Joe Biden, who has indicated
that he would support the bill if it passes through Congress.
However, TikTok CEO Shou Zi Chew has said
that selling TikTok is not a viable option.
.
According to PitchBook data, , ByteDance was valued at , $220 billion in 2023.
.
Mnuchin has yet to specify the potential valuation
of a deal to acquire the social media platform
or which investors may be interested in the deal.
At the same time, the 'Wall Street Journal' reported that
former Activision Blizzard CEO Bobby Kotick has also
expressed interest in a deal to purchase TikTok.
At the same time, the 'Wall Street Journal' reported that
former Activision Blizzard CEO Bobby Kotick has also
expressed interest in a deal to purchase TikTok
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The White House has issued a clarification on the explosive 245% tariff targeting Chinese imports. The new addendum reveals a two-tier structureâsome goods will face the full 245%, while others remain at 145% for now. Trumpâs administration has unleashed a historic wave of tariffs, including legacy measures from his first term, Biden-era expansions, and new 2025 hikes. Chinaâs Foreign Ministry spokesman Lin Jian condemned U.S. pressure, warning of firm retaliation. From lithium batteries to squid and syringes, the fallout is just beginning. China says itâs open to talksâbut not to blackmail.
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