Andreessen Horowitz may help with TikTok buyout - Breaking The News

Andreessen Horowitz may help with TikTok buyout

1 April

1 min read

EPA-EFE/LAURENT GILLIERON

Andreessen Horowitz Capital Management, LLC is in discussions to assist with the TikTok buyout in the United States, the Financial Times reported on Tuesday, citing sources.

According to the sources, the company would add new outside investment that would help buy out TikTok's Chinese investors. Andreessen Horowitz would act as part of the proposal headed by Oracle Corporation. The current deadline for the matter to be resolved is April 5.

Andreessen Horowitz hasn't invested in TikTok's parent company ByteDance at all so far. TikTok advisers, alongside White House officials, contacted the business to potentially help boost the bid. One of the sources shared that the company was "strongly considering" making an investment. Blackstone Group was also one of the entities that were approached for the same reasons.

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