Risk capital giant Andreessen Horowitz is in negotiations to invest in Tiktok as part of an initiative led by allies of former President Donald Trump. The goal is to acquire control of the popular video platform, currently belonging to Chinese Bytedance, and ensure its operation in the United States. The information is from the newspaper Financial Times.
The movement occurs amid pressure from the US government for the application to be detached from its Chinese matrix, otherwise it will be banned in the country.
The plan, which involves the participation of investors such as Oracle and other American groups, seeks to meet a critical term: until April 5, Bytedance needs to sell US Tiktok operation to non-Chinese entities.
According to the newspaper, Andreessen Horowitz, known for its investments in giants such as Facebook and Twitter, is considering a significant contribution to enable the transaction. The company was approached by Tiktok counselors and the White House to strengthen the financial power of the proposal.
In addition to Andreessen, other major financial market players, such as Blackstone Group, would also have been sought to participate in the negotiations. While Blackstone evaluates an investment of less than $ 1 billion, Andreessen would be interested in a larger participation.
However, according to the Financial Times, the conversations are still underway and there is no guarantee that the agreement will be realized.
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Bytedance, in turn, seeks to maintain control over the Tiktok algorithm, one of the company’s most valuable assets and the target of interest to the Chinese government.
Today’s Bytedance investors, such as General Atlantic, Susquehanna, KKR and Coatue, are also involved in negotiations to acquire additional participation in Tiktok’s US operation.
Marc Andreessen, co -founder of Andreessen Horowitz, has narrow ties with Trump administration and has already collaborated on government initiatives such as the cost cutting unit led by Elon Musk. Its fund is also a major investor in other Musk businesses, including his artificial intelligence startup, Xai.
