Reported 1 day ago
Blackstone has withdrawn from a consortium aimed at acquiring a stake in TikTok's US business, amidst rising uncertainties and delays related to the ongoing deal, which is entangled in US-China trade discussions. The consortium, led by Susquehanna International Group and General Atlantic, was poised to gain control over the popular social media app as the US administration pushes for TikTok's sale to protect national security interests. Blackstone's departure reflects the increasing complexities surrounding the potential sale, as regulatory approval from China remains uncertain.
Source: YAHOO