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(credit: Aurich Lawson | Getty Images Pool)
Former US Treasury Secretary Steven Mnuchin is reportedly assembling an investor group to buy TikTok as the US comes closer to
enacting legislation forcing the company
to either divest from Chinese ownership or face a nationwide ban.
"I think the legislation should pass, and I think it should be sold," Mnuchin
told CNBC
Thursday. "It’s a great business, and I’m going to put together a group to buy TikTok."
Mnuchin currently leads Liberty Strategic Capital, which
describes
itself as "a Washington DC-based private equity firm focused on investing in dynamic global technology companies."