Venture capital firm Andreessen Horowitz is reportedly in talks to invest in TikTok alongside Oracle and other U.S.-based investors, with the goal of acquiring the popular social media platform from its Chinese owner, ByteDance. According to the Financial Times, Oracle’s bid to acquire TikTok’s U.S. operations is seen as one of the leading options to prevent the platform from being banned in the U.S.
In order for TikTok to continue its operations in the U.S., ByteDance must sell its U.S. branch to a non-Chinese owner. If ByteDance does not accept this proposal, TikTok could face a ban in the U.S. on April 5. The ongoing discussions with Oracle are linked to these conditions.
Andreessen Horowitz is a well-known firm with a history of early-stage investments in social media. The firm has previously invested in major platforms such as Facebook and Instagram and also contributed $400 million to help Elon Musk acquire Twitter. However, the firm has not yet commented on the ongoing discussions related to this deal.
