Private equity giant Blackstone is considering a small minority investment in TikTok's US operations, joining existing non-Chinese shareholders Susquehanna International Group and General Atlantic. The proposed deal would spin off TikTok's US business into a separate entity, reducing Chinese ownership below 20% to comply with US law. The move comes as TikTok faces an April 5 deadline to divest from ByteDance, though President Trump has indicated possible deadline extensions and potential tariff reductions to facilitate a deal.
Private equity giant Blackstone is considering a small minority investment in TikTok's US operations, joining existing non-Chinese shareholders Susquehanna International Group and General Atlantic. The proposed deal would spin off TikTok's US business into a separate entity, reducing Chinese ownership below 20% to comply with US law. The move comes as TikTok faces an April 5 deadline to divest from ByteDance, though President Trump has indicated possible deadline extensions and potential tariff reductions to facilitate a deal.