According to Fox Business Report, Microsoft is seeking help from the Blackstone Group, a large private equity fund that manages more than US$600 billion in assets, to acquire the TikTok business of ByteDance.
Microsoft initially stated that it only wanted to acquire TikTok’s US business. It was said that the purchase price was about US$5 billion. However, it has since expanded to include TikTok’s global multi-regional business, which is said to be worth between US$30 billion and US$50 billion.
According to reports, Microsoft is negotiating with TikTok’s existing investors, such as General Atlantic Partners and Sequoia Capital, on how to structure the transaction. Some versions believe that General Atlantic Partners and Sequoia Capital are still partners of the new company.
The report also said that the Blackstone Group was initially quite enthusiastic, but as the Trump administration’s pressure on Bytedance and Microsoft escalated, interest has diminished. Microsoft itself is clearly willing to withdraw from this deal, if it incurs too much government scrutiny or requires a lot of investment in addition to the purchase price.
Twitter also expressed interest, but because the company’s market value is only 29 billion US dollars, it also needs additional investment to make an offer.
In addition, IT House learned that the potential ban has greatly increased TikTok downloads. It is reported that TikTok has 800 million active users, of which 100 million are in the United States .
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