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.

Blackstone has withdrawn from the consortium seeking to invest in TikTok's U.S. operations amid uncertainty and delays in the deal, which is now entangled in U.S.-China trade talks. The consortium, led by Susquehanna International Group and General Atlantic,

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Private equity giant Blackstone (NYSE:BX) has withdrawn from a consortium bidding for TikToks U.S. operations, according to a Reuters source.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