Blackstone has decided to pull out of the consortium negotiating its investment in TikTok U.S. amid uncertainties over the app.

Blackstone's withdrawal from the consortium negotiating the purchase of a minority stake in TikTok U.S. underscores the growing uncertainty about the app's future in the U.S. The negotiations, already postponed several times, are taking place amid trade tensions between Washington and Beijing. The consortium, which also includes other investors, was considered the favorite to take a majority stake, but talks are on hold due to backlash from China. TikTok is working on a separate version for the US market, while ByteDance is exploring options to respond to government pressure.