Former US Treasury Secretary wants to buy TikTok – Kommersant
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Former US Treasury Secretary Steven Mnuchin said on TV CNBCwhich is gathering a consortium of investors to buy the social network TikTok from the Chinese company ByteDance.
Mr. Mnuchin made his statement the day after the US House of Representatives supported Act to protect Americans from apps controlled by foreign adversaries. If the bill is approved by the Senate, ByteDance will have six months to sell TikTok to American investors. Otherwise, the social network will be banned in the United States, and the application will be removed from the American segment of the Apple and Google app stores.
“I believe that the bill should be approved, and I think that she (the social network.— “Kommersant”) must be sold. This is a great business, and I intend to assemble a group of investors to buy TikTok,” said Mr. Mnuchin.
However, as CNBC notes, among American senators the attitude towards the document is not as clear as in the House of Representatives. In addition, in addition to Mr. Mnuchin’s desire to buy TikTok, ByteDance should also have a desire to sell it. Meanwhile, the CEO of the Chinese company Shaw Zi Chu previously stated that the sale of TikTok is not even being discussed. And the Chinese Foreign Ministry called the bill to ban TikTok a robbery.
Read more about a possible ban in the material “Americans are being driven away from TikTok”.
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