P rivate equity company Blackstone has reportedly exited a consortium that was preparing to invest in the US operations of video-sharing platform TikTok. This development was reported by Reuters, citing information from an undisclosed source having knowledge about the matter.

Will TikTok US be under new ownership before the current 17 Sep deadline to avoid a ban? Donald Trump recently seemed to think that it would be, but current owner ByteDance seems less certain. And now

Blackstone had reportedly been slated to take a minority stake in the platform’s US business alongside other consortium members.

Private equity firm Blackstone Inc. has pulled out of a group of investors seeking to take a minority stake in TikTok’s US-based business, according to a person familiar with the matter.

The Blackstone TikTok exit has dealt a serious blow to TikTok’s hopes of resolving its US regulatory challenges through a straightforward sale. It also underscores how deeply politics now intersects with business decisions, especially in the tech world.

Asset manager Blackstone rescinded its bid to take a stake in TikTok’s US-based business. The company had aligned itself with a group of investors, including Susquehanna International Group, General Atlantic, KKR, Andreessen Horowitz, and Oracle, to invest in TikTok’s US operations, but has now exited the consortium.

PRIVATE equity giant Blackstone has withdrawn from a consortium seeking to invest in TikTok’s US operations, a source familiar with the matter told Reuters on Friday. Read more at The Business Times.

Private equity company Blackstone has reportedly withdrawn from a consortium bidding to invest in TikTok’s US operations.The latest development came as heightened uncertainty surrounding the fate of the Chinese-owned TikTok,

Private equity giant Blackstone has withdrawn from a consortium looking to invest in TikTok 's US operations. The move comes as uncertainty continues to grow and delays plague the deal, which is now at the heart of US-China trade talks.

Blackstone emerged as a front-runner in a deal created by President Trump after the company considered to take a minority stake.

The firm’s withdrawal, however, comes at a time when the TikTok US deal has become a key issue in trade talks between Washington and Beijing. Since discussions began, the deal, however, has been plagued by several delays.