Intel stock extends gains after report of possible U.S. government stake
Investing.com -- According to Financial Times, Andreessen Horowitz, a prominent venture capital firm, is in discussions to join a consortium of American investors in a bid to acquire the popular video app TikTok from its Chinese owners, ByteDance. The investment group, co-founded by Marc Andreessen, is apparently heavily considering an investment to facilitate the buyout of TikTok’s Chinese investors. This move is part of an effort led by Oracle (NYSE:ORCL) and other US investors to separate TikTok from ByteDance.
The bid has gained traction as the leading proposal just ahead of a significant deadline on April 5, according to FT’s three sources. If the app’s Beijing-based owner does not sell the US portion to non-Chinese entities by this date, a federal law will trigger a ban of TikTok in the United States.
President Trump is expected to review a final proposal concerning TikTok on Wednesday. The proposal includes potential involvement from investors such as Blackstone (NYSE:BX) and Oracle, as reported by CBS News on Tuesday. This meeting will take place at the Oval Office and is set to include key officials such as Vice President JD Vance and Commerce Secretary Howard Lutnick.
If the bid is successful, it could result in a significant shift in ownership for TikTok, ensuring the app’s continued availability in the US market while addressing regulatory concerns about its ties to China. The potential buyout reflects the ongoing complexities of international business and the impact of geopolitical tensions on the technology sector.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.