Companies

Investment banker Mnuchin eyes Tiktok purchase

Former US Treasury Secretary has spoken to potential co-investors about acquiring tech giant days after lawmakers sought to buy the app

If successful, it will be the second high-profile deal Mnuchin will have marshalled this year. Picture: Getty

Steven Mnuchin is targeting a purchase of TikTok from its Chinese parent company, a day after House lawmakers passed a bipartisan bill that would ban the wildly popular social media app in the US.

The former US Treasury Secretary has spoken to potential co-investors about acquiring TikTok, he said in an interview with CNBC on Thursday, declining to give any specifics. US lawmakers are pushing for a ban of the app unless its owner ByteDance ...