Steven Mnuchin Reveals He’s Planning to Buy TikTok: ‘A Great Business’

Former Treasury Secretary Steven Mnuchin said Thursday morning that he is planning on forming a group of investors to purchase TikTok, calling it “a great business.”

His comments to CNBC’s SquawkBox come after a day after the House of Representatives overwhelmingly passed a bill to ban the Chinese social media platform in the U.S. if its owner, ByteDance, does not sell it.

“This should be owned by U.S. businesses,” Mnuchin said. “There’s no way that the Chinese would ever let a U.S. company own something like this in China.”

Read more at The Daily Beast.