01-04-2024, 02:40 PM
According to Mnuchin, he could offer to buy the app without the code, which would force programmers to rebuild its billions of lines of coding, and the provision might allow TikTok to be bought at more of a bargain price, two people familiar with his pitch told The Post, speaking on the condition of anonymity.
"All the biggest companies have thrown a lot of money and engineering talent at that issue and have struggled to do it," he added. "If Steve Mnuchin thinks he can do that and succeed where a lot of successful companies have struggled, good luck."
Mnuchin declined to comment to The Post, but he told CNBC earlier this month that TikTok needs to be rebuilt in the United States.
"There's a lot that can be done in six months," he said. "Hopefully, we can find a solution where China will allow it to be sold. The Chinese will agree to do that as long as there's not a transfer of their critical technology, which I don't think we need in the U.S."
https://www.newsmax.com/us/mnuchin-tikto...round.news&utm_medium=referral
"All the biggest companies have thrown a lot of money and engineering talent at that issue and have struggled to do it," he added. "If Steve Mnuchin thinks he can do that and succeed where a lot of successful companies have struggled, good luck."
Mnuchin declined to comment to The Post, but he told CNBC earlier this month that TikTok needs to be rebuilt in the United States.
"There's a lot that can be done in six months," he said. "Hopefully, we can find a solution where China will allow it to be sold. The Chinese will agree to do that as long as there's not a transfer of their critical technology, which I don't think we need in the U.S."
https://www.newsmax.com/us/mnuchin-tikto...round.news&utm_medium=referral
