ANDFormer US Treasury Secretary Steven Mnuchin said he is gathering a group of investors to try to buy TikTok after the House of Representatives passed a bill on Wednesday that would force the social network to disassociate itself from its parent company in China or risk being banned in the United States.
“I think the legislation should be approved and I think it should be sold,” Mnuchin said on a CNBC program this Thursday. “It's a big deal and I'm going to form a group to buy TikTok,” added the former Treasury Secretary in Donald's administration. Trump.
Nevertheless, Mnuchin did not specify who the other investors would be. in said agreement nor the potential valuation of this popular social network.
Steven Mnuchin, former US treasury secretary
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This bill on TikTok – a platform that has 170 million users in the United States – now heads to the Senate, where its future is uncertain, although President Joe Biden's administration has indicated that it will sign the legislation if it is approved.
There is no way the Chinese would allow an American company to own something similar in China
Mnuchin said TikTok should be owned by an American company.
“There is no way the Chinese would allow an American company to own anything like that in China,” Mnuchin reasoned.
This wouldn't be the first high-profile deal Mnuchin has been involved in since leaving the Trump administration, as last week Mnuchin's Liberty Strategic Capital was a lead investor in a $1 billion raise to stabilize New York Community Bancorp.
Logo of The New York Community Bank (NYCB).
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Former President Trump (2017-2021) tried at the time to ban TikTok due to the threat of this network “to national security”, although the measure ended up in court and was annulled by the now president, Joe Biden, without it entering into law. vigor.
During that period of time ByteDance was negotiating with Microsoft to sell part of the company.
Trump has since changed his mind and has come out against the TikTok ban.
For its part, millionaire investor Kevin O'Learyknown for being one of the jurors on the television show 'Shark Tank', told Fox this Monday that if the US veto goes ahead, he I would also be interested in purchasing the platform.
Participants hold signs in support of TikTok in front of the United States Capitol building, where the House of Representatives was voting on a bill to ban the social network in the country.
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EFE
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