Blackstone (BX) is exploring a small minority stake in TikTok's US operations, Reuters reported late Friday, citing two unnamed people familiar with the matter.
The company is in talks to join TikTok parent ByteDance's current non-Chinese shareholders, led by Susquehanna International Group and General Atlantic, the report added.
US President Donald Trump hinted that an agreement with ByteDance would be reached before the April 5 deadline, multiple media outlets reported, citing the president.
"We have a lot of potential buyers," Trump told reporters. "I'd like to see TikTok remain alive."
Blackstone, TikTok, General Atlantic, and Susquehanna did not immediately respond to MT Newswires' requests for comment.
Blackstone's stock was down 1.5% in recent Monday premarket activity.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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