Former Treasury Secretary Steven Mnuchin said on Thursday that he's exploring assembling a group of investors to purchase TikTok, an attempt to assuage US national security concerns that the popular social media app should not be under Chinese ownership.
It's a great business, and I'm going to put together a great group to buy TikTok," Mnuchin said during an interview on CNBC's "Squawk Box."
Mnuchin, breaking with former President Donald Trump, said he supported a House bill that could force a ban on the popular social media app.
While the bill explicitly mentions TikTok, the legislation could also apply to future companies.
Trump's White House, led in part by Mnuchin, kicked off the US effort to ban the social media app.
Persons:
Steven Mnuchin, It's, Mnuchin, Donald Trump, Joe Biden, Trump, Jeff Yass, Kellyanne Conway, let's
Organizations:
Service, Lawmakers, Politico, Trump White House, Club, Growth
Locations:
TikTok's Beijing, ByteDance, Yass