- Potential buyers of TikTok, including Microsoft and Amazon, are under scrutiny amidst the divestment law, political actions by Biden and Trump, and geopolitical discussions involving Xi Jinping.
- The TikTok divestment saga continues with Donald Trump extending deadlines, while investors and figures like Ohanian and McCourt pursue U.S.-built alternatives.
- Blackstone exited a consortium bid for TikTok US operations, and the Trump administration favors the sale of TikTok operations.
Blackstone, Oracle, and others are part of a consortium bidding for TikTok, while the White House continues high-level discussions with China regarding the sale.
1 report, 0 independent
Updated Jul 1
AI-generated analysis. Brind wrote this summary from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
What happened
Blackstone, Oracle, and others are part of a consortium bidding for TikTok, while the White House continues high-level discussions with China regarding the sale.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- Trump's remarks prompted a response from Mao Ning, while Blackstone was involved in the consortium competing for TikTok's US operations.Sub-event
- Consortium bidding for TikTok underway with Blackstone and Oracle involved; Chinese government approval needed.
Keep exploring
The entities involved
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Blackstone Inc.
American alternative investment company
Nothing else this week.
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Oracle
company in Madrid, Spain
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ByteDance
Chinese Internet and technology company
Related events
- Trump linked the sale of TikTok to his proposed tariff policies during a discussion on Fox News.
- The TikTok USDS Joint Venture LLC is operating globally while facing U.S. scrutiny, having secured U.S. user data in Oracle's cloud.
- TikTok, owned by ByteDance, faced multiple bans in 2020, including from the US military, India, and Wells Fargo.
Coverage
Newest first; wire copies grouped- Unknown outlet