Blackstone mulls small stake in US TikTok spinoff: Reuters
- Private equity firm Blackstone is evaluating a small investment in TikTok's U.S. Operations, according to two people familiar with the matter.
- Blackstone aims to join existing non-Chinese shareholders and help bid for TikTok's U.S. business to reduce Chinese ownership below 20%.
- The U.S. Federal law requires a sale of TikTok by April 5 due to national security concerns over its Chinese ownership.
- Congress passed a law requiring ByteDance to divest TikTok or face a ban, leading to an uncertain future for the app used by nearly half of Americans.
12 Articles
12 Articles
Blackstone considers acquiring a small stake in TikTok
Trump extended to April 5 the deadline set for the Chinese-owned app to change its shareholding structure or face a ban in the U.S. Private equity giant Blackstone is considering acquiring a small stake in TikTok before the April 5 deadline set by President Donald Trump for the Chinese-owned app to change its shareholding structure or face a ban in the United States, according to two sources cited by The New York Times.
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