Private equity firm Blackstone reportedly withdraws from the consortium looking to invest in TikTok’s U.S. operations. Blackstone Group, the private equity giant that planned to take a minority stake in TikTok’s U.

Private 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.

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.

BlackRock (BLK) exits consortium bidding for TikTok U.S. after a Congress-mandated push for its Chinese owner ByteDance (BDNCE) to complete divestment. Read more here.

Blackstone had planned to take a minority stake in the TikTok U.S. business in a deal orchestrated by President Donald Trump. The consortium is led by Susquehanna International Gr

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.

Private equity giant Blackstone (NYSE:BX) has withdrawn from a consortium bidding for TikToks U.S. operations, according to a Reuters source. The exit comes as ongoing delays and rising uncertainty cloud the future