From Yahoo Finance: 2025-03-28 16:42:00

Private equity firm Blackstone is considering a small minority investment in TikTok’s U.S. operations, joining existing non-Chinese shareholders. The proposal would spin off TikTok’s U.S. operations into a separate entity and reduce Chinese ownership to meet U.S. law requirements. The fate of the app hangs in the balance as a deadline approaches for ByteDance to divest TikTok. President Trump may extend the deadline and has hinted at potential tariff reductions to facilitate a deal. The White House has been deeply involved in the negotiations, acting as an investment bank. Reports suggest a plan involving Oracle and existing ByteDance investors taking control of TikTok’s operations.

Read more: Exclusive-Blackstone mulls small stake in US TikTok spinoff, sources say