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Blackstone Considers Investing in US TikTok Spinoff According to Sources
- Karl Cassell
- May 29, 2025
- 1 min read
Private equity firm Blackstone is considering a minority investment in TikTok's U.S. operations as part of a consortium aiming to acquire the app from its Chinese parent company, ByteDance. This group, led by Susquehanna International Group and General Atlantic, seeks to reduce Chinese ownership below 20% to comply with U.S. law. The move follows a 2024 bipartisan law mandating ByteDance to divest TikTok by January 19 or face a U.S. ban. Although TikTok briefly went offline in January, President Trump delayed enforcement to April 5, with a possible extension and tariff reductions to facilitate the deal.
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