Update: Market Chatter: Blackstone Exploring Minority Stake in TikTok's US Operations
Blackstone (BX) is exploring a small minority stake in TikTok's US operations, Reuters reported late Friday, citing two unnamed people familiar with the matter.
The company is in talks to join TikTok parent ByteDance's current non-Chinese shareholders, led by
US President
"We have a lot of potential buyers," Trump told reporters. "I'd like to see TikTok remain alive."
General Atlantic declined MT Newswires' request for comment, while Blackstone, TikTok, and Susquehanna did not respond.
BX shares were down 1.2% in recent Monday trading.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Price: 136.45, Change: -1.66, Percent Change: -1.20
MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.
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Update: Market Chatter: Blackstone Exploring Minority Stake in TikTok's US Operations
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