He said this in an interview with CNBC, according to Ukrinform.

“This is a great business and I plan to gather a group (investors) to buy TikTok. This (application – ed.) should be owned by US companies. Mnuchin, who heads the private equity firm Liberty Strategic Capital, said: “The Chinese believe that an American company “He will never allow himself to have something like this in China,” he said.

At the same time, it remains unclear whether the Chinese government will allow TikTok to be sold to a US buyer. TikTok CEO Shaw Ji Chu stated that selling the app “is not among the available options.”

And Chinese Foreign Ministry spokesman Wang Wenbin called the TikTok bill approved by the Congressional House of Representatives “a robber’s logic.”

ByteDance, which owns TikTok, was worth $220 billion in 2023, according to PitchBook.

TikTok’s exact value is unknown, but it is likely to be lower.

TikTok’s most valuable asset is its algorithm, which provides users with personalized content. Any TikTok sale without an algorithm will be much less attractive to potential buyers.

As Ukrinform reported, on March 13, the lower house of the US Congress passed a bill that would ban TikTok in the US if the app is not sold to an American company.