Former Treasury Secretary Mnuchin organizes investor group to acquire TikTok, following House bill that may force ByteDance to divest app.

Former Treasury Secretary Steve Mnuchin is organizing an investor group to acquire TikTok, following the House passing a bipartisan bill that may force ByteDance to either divest its global app or face a US ban. Mnuchin supports the legislation and believes TikTok should be sold. This move allows him to participate in the sale indirectly, as he had previously discussed the potential sale to a US firm.