US EditionAndreessen Horowitz Reportedly in Talks to Help Buy Out TikTok’s Chinese Owners
- President Donald Trump will meet with aides about investors who could buy a stake in TikTok to avoid a ban in the United States, as confirmed by a person familiar with the situation.
- A law requiring TikTok's China-based parent, ByteDance, to divest its ownership took effect on January 19, due to national security concerns.
- Several potential bidders for TikTok include Oracle, Blackstone, and a consortium offering $20 billion, as mentioned by sources familiar with the matter.
- If TikTok is not sold to an approved buyer by April 5, the law banning it nationwide would go into effect, though Trump stated the deadline could be extended.
66 Articles
66 Articles
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