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The deal would have several American venture capital firms, private equity funds and tech firms invest in a company that would control the app's U.S. operations, CNN reported.

Computing giant Microsoft, private equity giant Blackstone, venture capital firm Andreessen Horowitz and search engine Perplexity AI are also reportedly in the running for a stake.

Thames Water has picked US private equity giant KKR as its "preferred partner" to buy the troubled water utility firm.

Finally, Dollar Tree is selling Family Dollar to private equity for $1 billion, 10 years after buying it for $8 billion.

In 2020, the private equity giant Blackstone paid $4 billion for Ancestry.com — just one high-profile, public example.