Asset management firm Blackstone has withdrawn from a consortium of investors aiming to acquire a stake in TikTok's US business.
Blackstone's Exit from the Deal
Blackstone, which had aligned with a group of investors including Susquehanna International Group and Oracle, has opted out of the consortium. This decision comes amid ongoing trade discussions between Washington and Beijing regarding TikTok.
Negotiations Regarding TikTok
US President Donald Trump stated that negotiations to sell TikTok's US operations are nearing completion. He mentioned his good relationship with Chinese President Xi Jinping, suggesting that the deal could be mutually beneficial.
US-China Trade Relations
Trade relations between the US and China remain tense, with recent talks about a temporary suspension of tariffs. US and Chinese officials note progress in the negotiations, but questions about conditions and potential impacts on both countries' interests persist.
Blackstone's withdrawal from the TikTok deal highlights the complexities of commercial relations between the US and China, as well as the uncertainties surrounding trade negotiations.
