Blackstone Exit From TikTok Deal Raises Major Queries
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11 Articles
Blackstone Exit from TikTok Deal Raises Major Queries
Private equity giant Blackstone has reportedly abandoned its pursuit of TikTok's US operations in a dramatic withdrawal that signals deepening concern over the most politically charged tech acquisition in US history. The Wall Street titan's exit from the high-profile consortium pursuing a significant stake in TikTok's US business has sent shockwaves through Silicon Valley, leaving industry insiders questioning whether any major investor can navi…
TikTok's US drama continues as Blackstone pulls out of consortium - TechCentral.ie
Investor Blackstone has withdrawn from a consortium that sought to invest in TikTok’s US operations, according to a source familiar with the matter who spoke to Reuters. The consortium, led by Susquehanna International Group and General Atlantic (both already investors in TikTok’s parent company ByteDance), aimed to acquire 80% of TikTok US, with ByteDance retaining [… The post TikTok’s US drama continues as Blackstone pulls out of consortium ap…
Blackstone walks away from TikTok deal
Private equity firm Blackstone has withdrawn from a deal to invest in social media platform TikTok’s U.S. operations, as part of a consortium. The company had planned to acquire a minority stake in a deal orchestrated by President Donald Trump. The consortium is led by Susquehanna International Group and General Atlantic, current investors in TikTok’s Chinese owner ByteDance. The group had emerged as the frontrunner to take over TikTok’s U.S bus…
Blackstone bails on consortium bidding to buy TikTok US - will a deal still be done by September deadline?
Earlier this month US President Donald Trump indicated that a deal was nearly done that would see a group of “very wealthy” Americans take ownership of TikTok’s US operations, satisfying demands made by US Congress last year regarding TikTok’s ownership, and stopping the TikTok app from being banned in the country. However, current TikTok owner ByteDance seemed less certain any deal had been agreed, and now one of the backers of that deal, priva…
Democracy by the Book - 3 Quarks Daily
Antón Barba-Kay in The Hedgehog Review: A senior researcher at Microsoft tells me that the sale of TikTok is more momentous to the fate of American democracy than the mobbing of the Capitol on January 6, 2021. He argues that the latter was a circumscribed event, while the enforced sale of TikTok will put the eyeballs of 170 million American users under the control of one of the two or three bidders already wealthy enough to buy it—such as Elon M…
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