Former Treasury Secretary Steve Mnuchin Says He’s Putting Together Investor Group To Buy TikTok

(Associated Press) – Former Treasury Secretary Steven Mnuchin says he’s going to put together an investor group to buy TikTok after the House passed a bill that would ban the popular video app in the U.S. if its China-based owner doesn’t sell its stake.

Speaking on CNBC’s “Squawk Box,” Mnuchin said he believes TikTok should be sold.

He says the company should be owned by U.S. businesses and that China would never let a U.S. company own something similar in China.

He offered no details about who may be in the group or about TikTok’s possible valuation.

TikTok did not immediately respond to a request for comment.