Washington, Mar 14 (AP) Former Treasury Secretary Steve Mnuchin says he's going to put together investor group to buy TikTok.

Former Treasury Secretary Steven Mnuchin says he's going to put together an investor group to buy TikTok, a day after the House of Representatives passed a bill that would ban the popular video app in the US if its China-based owner doesn't sell its stake.

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Speaking on CNBC's “Squawk Box,” Mnuchin said on Thursday that he believes TikTok should be sold.

“This should be owned by US businesses. There's no way that the Chinese would ever let a US company own something like this in China,” Mnuchin said on the program.

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The House bill, passed by a vote of 352-65, now goes to the Senate, where its prospects are unclear.

TikTok, which has more than 170 million American users, is a wholly-owned subsidiary of Chinese technology firm ByteDance Ltd.(AP)

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)