The private equity giant is considering investing as the video app works to follow a law that requires it to separate from its Chinese owner, ByteDance, by next week.

Blackstone is discussing joining ByteDance's existing non-Chinese shareholders in contributing fresh capital to bid for TikTok's U.S. business.

Per the Times, Amazon’s bid is not being seriously considered. But, of course, leave it to one of the most powerful companies in tech to try to save the day here. The move comes just as Amazon formally shut down Inspire, its own TikTok competitor, in February.

The Information reports that later today, Trump plans to announce a plan for “TikTok America,” a new company with 50 percent ownership by unnamed new US investors, a one-third stake for existing ByteDance investors, and a 19.9 percent share for ByteDance. It would apparently license TikTok’s algorithm from ByteDance.

While the deal is still in early discussions and subject to change, it comes just days before an April 5 deadline set by US law.

Advisers to President Donald Trump are expected Wednesday to present the president with options for a deal to invest in TikTok that involves a number of well-heeled venture capital, private equity funds and tech companies,

Candle Media co-CEO Kevin Mayer talked TikTok, YouTube and Blackstone at Paley Q&A, and he urged Hollywood to do more to reach younger consumers.

TikTok is generating headlines again this week as President Donald Trump was expected to be meeting Wednesday with aides about an investment deal that could keep the Chinese-controlled platform running in the U.

The reported deal to avoid a potential TikTok ban comes days before a deadline. The app's Chinese ownership is required to sell the company before the deadline. Under the deal, a list of investors including Andreessen Horowitz, Blackstone, Silver Lake and ...