"Andreesen Horowitz, along with other US investors, is negotiating a buyout of TikTok's Chinese stakeholders to facilitate a spin-off of its US operations."
"The deadline for finding a buyer for TikTok is set for April 5, amid national security concerns regarding its Chinese ownership."
Andreesen Horowitz is reportedly in negotiations to help buy out the Chinese investors of TikTok, partnering with a group of existing US investors to secure a stake in the appâs US operations. With a deadline of April 5 looming, this move is crucial following national security concerns that have arisen due to TikTok's connections to China. The proposed deal aims to address Congress's requirements for divesting to avert a potential ban. Major firms like Oracle also join this initiative as stakeholders, indicating a strong interest in TikTok's future.
Read at New York Post
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