In a recent development, a venture capital firm is reportedly negotiating to invest in TikTok, as American investors, notably Oracle, strive to acquire the platform from its Chinese parent company, ByteDance. This move comes in light of an impending ban in the United States, scheduled for April 5th, unless TikTok's ownership is transferred to a non-Chinese entity. Andreessen Horowitz, the venture firm in question, has a notable history of investing in social media platforms, including early stakes in Facebook and Instagram, and a substantial investment in Elon Musk's acquisition of Twitter.
According to the Financial Times, a venture capital firm is reportedly in talks to invest in TikTok as part of a bid led by Oracle.
The Oracle deal is one of the frontrunners to acquire TikTok, which faces a potential ban in the US unless sold to a non-Chinese owner.
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