New York CNN —Former Treasury Secretary Steven Mnuchin said Thursday he’s assembling a team of investors to make a bid to buy TikTok.
“It’s a great business and I’m going to put together a group to buy TikTok,” Mnuchin told CNBC Thursday morning.
Even though TikTok is likely unprofitable, “it’s worth a lot of money,” he added.
Mnuchin, though, said he’s looking to find a solution where the Chinese government will allow TikTok to be sold without a technology transfer.
Even if that happens, any kind of TikTok ban would likely be fought in courts.
Persons:
Steven Mnuchin, “ It’s, ” Mnuchin, TikTok, Mnuchin, “, ”, TikTok didn’t, Dan Ives, ” Ives, Donald Trump’s, Trump, Marjorie Taylor Greene, Nancy Mace, didn’t, Thursday’s, Joe Biden, Ives
Organizations:
New, New York CNN, Former, CNBC, Wedbush Securities, CNN, Liberty Strategic Capital, Facebook, Meta, Community Bank, Senate, Microsoft, Oracle
Locations:
New York, China, Montana