Andreessen Horowitz is trying to nab a piece of TikTok with Oracle, report says
The venture capital firm is reportedly in talks to invest in TikTok as part of a bid led by Oracle and other American investors looking to buy out TikTok from ByteDance, according to the Financial Times.
TikTok is once again slated to be banned in the U.S. on April 5 unless its Chinese-based owner sells its U.S. branch to a non-Chinese owner. The Oracle deal is said to be one of the frontrunners, according to the FT.
Andreessen Horowitz has a long history of investing in social media: It was an early investor in Facebook and Instagram and invested $400 million to help Elon Musk acquire Twitter. The firm did not immediately respond to a request for comment.
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