Former US Treasury Secretary Mnuchin "Forming Investor Group to Acquire TikTok"

"TikTok Ban Law Must Pass... US Ownership Desirable"

Former U.S. Treasury Secretary Steven Mnuchin has expressed his intention to acquire TikTok, the Chinese video streaming service facing the risk of being banned from the U.S. market.

In an interview with CNBC on the 14th (local time), Mnuchin said, "The TikTok ban bill should pass, and TikTok should be sold," adding, "TikTok is a great business. I will form a group of investors to acquire TikTok."

He stated, "TikTok should be owned by American companies," and argued, "It is unimaginable that China would allow American companies to operate such a business in China."

Mnuchin, a former Goldman Sachs executive currently running Liberty Strategic Capital, made these remarks just one day after the U.S. House of Representatives passed the so-called 'TikTok Ban Bill.' The House's move to pass the TikTok ban bill stems from concerns that data from American TikTok users could be transferred to the Chinese government. The bill essentially prohibits TikTok from being distributed on U.S. app stores until its Chinese parent company, ByteDance, completely sells off TikTok's U.S. operations. Once the law takes effect, ByteDance must sell TikTok within six months, and if the sale fails, TikTok cannot be downloaded within the U.S. The bill still requires a Senate vote before final approval.

This content was produced with the assistance of AI translation services.