{"id":274772,"date":"2025-07-19T13:06:11","date_gmt":"2025-07-19T13:06:11","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/274772\/"},"modified":"2025-07-19T13:06:11","modified_gmt":"2025-07-19T13:06:11","slug":"blackstone-drops-out-of-group-seeking-stake-in-us-based-tiktok","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/274772\/","title":{"rendered":"Blackstone drops out of group seeking stake in US-based TikTok"},"content":{"rendered":"\n<p class=\"yf-1090901\">(Bloomberg) \u2014 Private equity firm Blackstone Inc (<a data-i13n=\"cpos:1;pos:1\" href=\"https:\/\/finance.yahoo.com\/quote\/BX\" data-ylk=\"slk:BX;cpos:1;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \" target=\"_blank\" rel=\"noopener\">BX<\/a>) has pulled out of a group of investors seeking to take a minority stake in TikTok\u2019s US-based business, according to a person familiar with the matter.<\/p>\n<p class=\"yf-1090901\">Most Read from Bloomberg<\/p>\n<p class=\"yf-1090901\">Blackstone has ceded its potential stake in TikTok\u2019s US operations to the other investors in a consortium that includes Oracle Corp., venture capital firm Andreessen Horowitz and growth equity investment firm General Atlantic, said the person, who asked not to be named while discussing private conversations.<\/p>\n<p class=\"yf-1090901\">President Donald Trump in late June said he\u2019d identified a buyer that would allow the popular social media app to legally continue operating in the US, splitting it off from Chinese parent company ByteDance Ltd. Bloomberg News later reported that Trump\u2019s proposed buyer was the same consortium that included Blackstone. The Trump administration had recently issued another 90-day extension to work out the deal. That extension expires in mid-September.<\/p>\n<p class=\"yf-1090901\">Reuters reported details of Blackstone\u2019s withdrawal from the consortium earlier on Friday.<\/p>\n<p class=\"yf-1090901\">Most Read from Bloomberg Businessweek<\/p>\n<p class=\"yf-1090901\">\u00a92025 Bloomberg L.P.<\/p>\n","protected":false},"excerpt":{"rendered":"(Bloomberg) \u2014 Private equity firm Blackstone Inc (BX) has pulled out of a group of investors seeking to&hellip;\n","protected":false},"author":2,"featured_media":274773,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5311],"tags":[38022,3662,23639,32,103941,103940,449,49,978,659],"class_list":{"0":"post-274772","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-united-states","8":"tag-blackstone-inc","9":"tag-bloomberg","10":"tag-bloomberg-news","11":"tag-donald-trump","12":"tag-minority-stake","13":"tag-private-equity-firm","14":"tag-tiktok","15":"tag-united-states","16":"tag-us","17":"tag-usa"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114880052334102560","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/274772","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=274772"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/274772\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/274773"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=274772"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=274772"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=274772"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}