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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.
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Colorado Springs Gazette broke the news in on Friday, March 28, 2025.
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