Andreessen Horowitz In Talks With Oracle-Led TikTok Bid
Andreessen Horowitz is in talks to invest in TikTok as part of a bid led by Oracle and other U.S. investors, The Financial Times reported.
The venture capital firm is in discussions to add new outside investment to the offer. It is not currently a shareholder in TikTok parent company ByteDance. …
Related Knowledge Center: The TikTok ban
The U.S. Congress passed and President Joe Biden signed into law a measure banning TikTok if it weren’t sold by its Chinese ownership. But now-President Donald Trump gave the service a reprieve, and a sale of its U.S. operations appears imminent.