Private equity giant Blackstone has reportedly walked away from its plans to invest in TikTok's U.S. operations, marking a significant shift in the evolving narrative around the app’s ownership.
As per a Reuters report dated July 18, the decision reflects growing instability surrounding the ongoing negotiations between ByteDance and U.S. regulators. The Chinese tech company had been given repeated deadlines to divest TikTok's American assets, as mandated by a law passed by Congress in 2024. However, those deadlines — including an initial cutoff in January 2025, now pushed to September 17 — continue to shift, creating confusion among potential investors.
Blackstone had planned to purchase a minority stake as part of a broader effort to create a U.S.-based TikTok spin-off, distancing the platform from its Chinese roots. But these efforts have stalled, particularly after China's government reportedly refused to approve the spin-off, following President Trump's announcement of new tariffs on Chinese goods.
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Meanwhile, ByteDance is said to be working on a standalone American app, complete with a separate algorithm and localized data storage, in a bid to comply with U.S. regulations. However, some U.S. lawmakers have expressed frustration, accusing the administration of delaying action and ignoring national security risks.
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