Andreessen Horowitz wants a piece of TikTok
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USA TODAY |
U.S. venture capital firm Andreessen Horowitz is in discussions to invest in TikTok as part of an effort led by President Donald Trump to gain control of the short video app from its Chinese owners, t...
BBC |
The social media giant faces being shut down in the US unless it sells to an American company by 5 April.
Wall Street Journal |
The Trump administration’s April 5 deadline to sell or shut down TikTok is fast-approaching, and the president is being briefed Wednesday on a framework that would keep it operational.
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Andreesen Horowitz has reportedly joined negotiations to potentially buy out TikTok’s Chinese investors ahead of a crucial deadline this Saturday.
The White House is close to endorsing a deal for US investors to buy TikTok’s American operations, wresting control of the popular video app from its Chinese owners.
As TikTok faces down an April 5 deadline, last-minute offers to buy the app have come from Amazon and the founder of OnlyFans, among others.
Another unexpected bidder is Tim Stokely, the founder of OnlyFans, through his startup, Zoop. He has teamed up with a cryptocurrency group to make a late-stage offer for TikTok. While OnlyFans is known for adult content, Stokely’s involvement adds an unusual twist to the bidding war.
TikTok’s Chinese parent company ByteDance has until 5 April to sell its popular app or face a ban. These are the potential suitors making overtures.
Amazon has submitted a bid to acquire all of TikTok, according to a new report from The New York Times. The last-minute bid comes as TikTok faces an April 5 deadline to shed its Chinese ownership or face a ban in the U.
Amazon (NASDAQ:AMZN) just crashed the TikTok partyalongside an unexpected bid from the founder of OnlyFansand the timing couldn't be juicier. With an April 5 deadline looming, pressure is on for ByteDance to divest TikTok's U.