💨 Abstract

Blackstone is considering a minority investment in TikTok's U.S. operations, joining existing non-Chinese shareholders led by Susquehanna International Group and General Atlantic. The group's proposal involves spinning off TikTok U.S. into a separate entity and reducing Chinese ownership to comply with U.S. The fate of the app, popular among Americans, has been uncertain due to national security concerns. The investment amount needed to meet U.S.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖