Private equity giant Blackstone has withdrawn from a consortium seeking to invest in TikTok’s U.S. operations, a source familiar with the matter told Reuters on Friday.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
Billionaire Elon Musk has expressed his disapproval of the ban on TikTok in the United States, citing it as a move that contradicts the principles of free speech. However, Musk also criticised the lack of reciprocity, pointing out that while TikTok operated freely in the US, platforms like X remain banned in China. “I have … Read more
New York: China-based ByteDance Ltd. asked an appeals court to speed up its lawsuit challenging a US law that would force it to sell the TikTok video-sharing app or face a ban. “Prompt consideration of these cases is needed to avoid irreparable harm,” lawyers for ByteDance and TikTok said Friday in a filing in the … Read more