Steven Mnuchin eyes TikTok buyout amid U.S. ban threats, spotlighting national security.
In a strategic move amid heightened U.S. scrutiny over TikTok, Steven Mnuchin, a key figure in the Trump administration and former treasury secretary, on Thursday announced on CNBC's Squawk Box his plans to assemble an investor group to acquire the social media giant.The announcement follows Wednesday's House vote to push a bill that could lead ByteDance, TikTok's parent company, to divest the app to avoid a U.S. ban.
and China to transfer this, without taking what they believe is critical technology,' remains the chief challenge.Mnuchin said his strategy involves negotiating with U.S. lawmakers and potential investors as well as engaging diplomatically with Chinese stakeholders to ensure a consensus that respects both countries' national security concerns and economic interests.The ongoing legislative push in the U.S. to regulate or even ban TikTok adds urgency to Mnuchin's efforts.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Trump's TikTok ban reversal comes after meeting megadonor who has stake in TikTokThe popular platform 'is about free speech and innovation,' the donor has said.
Read more »
Bobby Kotick Wants To Buy TikTok As Potential Ban LoomsI’ve been writing about video games, television and movies for Forbes for over 10 years, and you may have seen my reviews on Rotten Tomatoes and Metacritic. I cover all manner of console and PC games, but if it’s about looting or shooting, I’m definitely there. If I’m watching something, it’s usually science fiction, horror or superheroic.
Read more »
Activision Blizzard’s ex-CEO Bobby Kotick reportedly wants to buy TikTokCheyenne is Engadget’s weekend editor and covers a little bit of everything. She’s particularly interested in emerging technology and niche gadgets, climate change, space, privacy, and internet culture. She’ll talk your ear off about Tamagotchis if you get her started.
Read more »
Biden is backing a bill to ban TikTok – while also using TikTok for his campaignDespite having recently joined TikTok to reach young people with campaign videos, President Biden is also backing a bill to ban TikTok.
Read more »
TikTok CEO tells users 'protect your constitutional rights' against TikTok ban in videoTikTok CEO Shou Chew published a video Wednesday urging users to 'protect your constitutional rights' against a bipartisan bill that would force China to divest from the app.
Read more »
Biden ready to sign bill that could ban TikTok in US, Trump opposesThe bill that could potentially ban TikTok has unanimously passed the vote by US lawmakers with a 50-0 result.
Read more »