Blackstone Inc. exits the investor group that wants to buy part of TikTok's American operations. The private equity giant transfers its share to other members of The partnership includes Oracle Corp leading the remaining investors, along with venture capital firm Andreessen Horowitz and General Atlantic. A source close to the negotiations confirmed the departure but requested anonymity, speaking privately about the confidential discussions.
President Donald Trump announced in late June that he had found a suitable buyer for the social media platform. The deal would separate TikTok from its Chinese owner, ByteDance Ltd., and enable continued operations in the United States. Bloomberg News previously identified this same investor group as Trump's chosen buyer. The administration granted an additional 90 days to complete the transaction, with the deadline set to expire in mid-September.
President Donald Trump announced in late June that he had found a suitable buyer for the social media platform. The deal would separate TikTok from its Chinese owner, ByteDance Ltd., and enable continued operations in the United States. Bloomberg News previously identified this same investor group as Trump's chosen buyer. The administration granted an additional 90 days to complete the transaction, with the deadline set to expire in mid-September.
