Former Treasury Secretary Steven Mnuchin has revealed plans to potentially acquire the popular app TikTok. Mnuchin, who served under the Trump administration from 2017 to 2021, announced his intention to gather a formidable team of investors. This revelation comes just a day after the House passed a bill threatening to ban TikTok unless its Chinese parent company, ByteDance, divests its ownership.
Now at the helm of Liberty Strategic Capital, Mnuchin’s aspirations to purchase TikTok underscore the ongoing geopolitical tensions surrounding the app. Despite his enthusiasm, the path forward is fraught with complexities, notably the anticipated resistance from China against selling a prized tech asset to a U.S. entity.
