Blackstone has ceded its potential stake in TikTok’s US operations to the other investors in a consortium that includes Oracle Corp, venture capital firm Andreessen Horowitz and growth equity investment firm General Atlantic, said the person, who asked not to be named while discussing private conversations.
Private equity firm Blackstone Inc. has pulled out of a group of investors seeking to take a minority stake in TikTok’s US-based business, according to a person familiar with the…
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