Private equity giant Blackstone has withdrawn from a consortium seeking to invest in TikTok’s U.S. operations, a source familiar with the matter told Reuters on Friday. The latest change came as uncertainty has mounted and there have been several delays in the TikTok deal now at the center of U.S.-China trade talks. Blackstone had planned … Read more
Beijing opposes a forced sale of TikTok‘s U.S. operations by its Chinese owner ByteDance, and would prefer to see the short video app shut down in the United States, three people with direct knowledge of the matter said on Friday. ByteDance has been in talks to sell TikTok’s U.S. business to potential buyers including Microsoft … Read more
If TikTok’s US business is sold to one of the US public cloud giants , the buyer does not get to own everything. Such a buyer will merely operate the platform’s relations with its local customers in its cloud. Synopsis Cloud architecture makes de facto franchising relatively simple. Indian local cloud giants could acquire de … Read more