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International Business Times
International Business Times
National
Jarin Noshin

Mnuchin-Led Group Seeks TikTok Acquisition Amid Congressional Pressure, Trump Reversal

TikTok Steven Mnuchin ByteDance United States Donald Trump Joe Biden

Steven Mnuchin, who served for four years as former president Donald Trump's Treasury Secretary, has announced his endeavor to assemble a U.S.-based investor consortium aimed at acquiring ByteDance's TikTok.

This move comes in response to bipartisan legislation making its way through Congress, which could potentially force ByteDance to divest its popular social media platform or face a ban in the United States.

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