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Former Treasury Secretary Steven Mnuchin told CNBC on Thursday that he was planning on compiling investors to buy TikTok, followingBoth Democrat and Republican politicians support U.S. removal from Chinese control of TikTok. Mnuchin, who served as former President Donald Trump’s treasury secretary from 2017 to 2021, is working towards a possible sale; while White House press secretary Karine Jean-Pierre said on Wednesday that the White House was looking toward the Senate to take “swift action.
“I think the legislation should pass and I think it should be sold,” Mnuchin told CNBC’s Squawk Box Thursday morning. “It’s a great business, and I’m going to put together a group to buy TikTok.” “I think the legislation should pass, and I think it should be sold,” Mnuchin said on CNBC’s “Squawk Box,” adding, “It’s a great business, and I’m going to put together a group to buy TikTok.”
The House of Representatives on Wednesday passed a bipartisan bill that if signed into law would force ByteDance to either divest its flagship global app or face an effective ban on TikTok within the U.S.
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