TikTok Ownership in Limbo as Blackstone Withdraws Investment Bid

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21 Jul 2025 08:52:26 am.
ByteDance had initially faced a January 19 deadline to sell TikTok’s U.S. business or face a ban, as dictated by U.S. legislation signed into law in 2024. However, President Donald Trump has issued three separate executive orders pushing that deadline — now set for September 17 — to allow for more negotiation time. Critics argue these extensions are a violation of legislative intent and overlook national security concerns.
As Blackstone exits, ByteDance continues exploring multiple options to satisfy regulators, including a potential restructuring or complete U.S. spin-off. But Chinese authorities reportedly blocked one such plan earlier this year, citing TikTok’s AI models and algorithmic data as sensitive technology.
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Reuters also revealed TikTok’s development of a U.S.-specific app, complete with isolated infrastructure and a unique user data system. Employees disclosed that the team has been separating the global codebase and replicating core platform elements specifically for the American market.
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