Andreessen Horowitz Reportedly in Talks to Help Buy Out TikTok’s Chinese Owners
- President Donald Trump will meet with aides about investors who could buy a stake in TikTok to avoid a ban in the United States, as confirmed by a person familiar with the situation.
- A law requiring TikTok's China-based parent, ByteDance, to divest its ownership took effect on January 19, due to national security concerns.
- Several potential bidders for TikTok include Oracle, Blackstone, and a consortium offering $20 billion, as mentioned by sources familiar with the matter.
- If TikTok is not sold to an approved buyer by April 5, the law banning it nationwide would go into effect, though Trump stated the deadline could be extended.
66 Articles
66 Articles
Trump’s Buddies At Andreesen Horowitz Want To Help Buy TikTok, Turn It Into A Right Wing Safe Space
We've noted more times than I can't count that the push to ban TikTok was never really about protecting American privacy. If that were true, we would pass a real privacy law and craft serious penalties for companies and executives that play fast and loose with sensitive American data. It was never really about propaganda.…
Can Bluesky’s AT Protocol build the decentralized social media ecosystem the Fediverse aspires to?
Billionaire Mark Cuban backing a startup is not, on its own, a big story. He’s done it hundreds of times. But I was interested in this particular investment highlighted by Sarah Perez in TechCrunch: Skylight, a startup taking on TikTok with a more open alternative, is launching its mobile app to the public on Tuesday after just 10 weeks of active development. The app, which is backed by Mark Cuban and others, is now one of many to build on top o…
Global Business Moves: TikTok, Cartel Fines, and Telecoms IPOs
Global Business Moves: TikTok, Cartel Fines, and Telecoms IPOs Andreessen Horowitz, a major U.S. venture capital firm, is in discussions to invest in TikTok, aiming to secure the video app's control from its current Chinese ownership as led by President Trump.The European Commission, alongside UK competition regulators, has fined carmakers including Volkswagen and Renault over 550 million euros following a probe into a vehicle recycling cartel.S…
Coverage Details
Bias Distribution
- 67% of the sources are Center
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage