breaking news On the heels of the US House of Representatives passing a TikTok ban bill, former US Treasury secretary and private equity mogul Steve Mnuchin is apparently thinking about buying the platform.
Speaking to CNBC's pre-market team at Squawk Box, Mnuchin said he hoped the TikTok ban would pass in the Senate, forcing a sale of the platform to a US-based parent.
"It's a great business and I'm going to put together a group to buy TikTok," Mnuchin told CNBC. Mnuchin didn't mention whether partners had been identified, or what phase the purchase was in.
This is a developing news story. Check soon for updates…
Source: The register