The enterprise capital agency is reportedly in talks to put money into TikTok as a part of a bid led by Oracle and different American buyers seeking to purchase out TikTok from ByteDance, according to the Financial Times.
TikTok is as soon as once more slated to be banned within the US on April fifth until its Chinese language-based proprietor sells its US department to a non-Chinese language proprietor. The Oracle deal is alleged to be one of many frontrunners, in accordance with the FT.
Andreessen Horowitz has an extended historical past of investing in social media: it was an early investor in Fb and Instagram and invested $400 million to assist Elon Musk purchase Twitter. a16z didn’t instantly reply to a request for remark.
TikTok,a16z
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