Former Treasury Secretary Mnuchin Says He’s Looking to Buy TikTok

‘It’s a great business, and I’m going to put together a group to buy TikTok, says Steven Mnuchin.

Treasury Secretary Steven Mnuchin testifies before a Senate Banking Committee hearing on the CARES Act quarterly report to Congress on Capitol Hill in Washington on Dec. 1, 2020. Photo by SUSAN WALSH/POOL/AFP via Getty Images

Former Secretary of the Treasury Steven Mnuchin announced during a March 14 interview that he is putting together a group of investors to submit a bid for the acquisition of social media platform TikTok.

This comes one day after the Protecting Americans from Foreign Adversary Controlled Applications Act passed the House of Representatives by an overwhelming vote of 352–65. The legislation could prohibit the Chinese-controlled social media app in the United States unless it is sold to a U.S.-based owner.