Andreessen 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.
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Andreessen Horowitz is trying to nab a piece of TikTok with Oracle, report says
The venture capital firm is reportedly in talks to invest in TikTok as part of a bid led by Oracle and other American investors looking to buy out TikTok
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Leaning Left10Leaning Right5Center15Last UpdatedBias Distribution50% Center
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