Together With Oracle, Andreessen Horowitz Wants A Piece Of TikTok
Summary: US venture capital giant Andreessen Horowitz could be joining Oracle in a bid for TikTok to carve a piece out of the company for themselves. The TikTok ban deadline is approaching, but there still isn’t a clear image of what will happen and who will ultimately walk away with TikTok’s US operations.
The deadline for TikTok’s ban is April 5th. However, instead of getting closer to an agreement, the deal seems to have gotten even more complicated, according to a new report from the Financial Times. According to the report, US venture capital giant Andreessen Horowitz is throwing its hat into the ring alongside Oracle; these companies want to own a piece of TikTok together.
Investing into TikTok with Oracle
Andreessen Horowitz did not respond to requests for comment on the report, but it wouldn’t be the first time the company has invested in tech firms. For instance, the company was one of the key investors in the early days of Facebook. It also played a crucial role in helping Elon Musk secure Twitter (now known as X) in 2022 by offering up $400 million as an investment. So, for the firm to now join a bid to help Oracle acquire TikTok? Hardly a surprise.
So far, several people and organizations have surfaced as potential players in the TikTok buyout. Oracle is seemingly in the lead and appears to be the most likely candidate. Other names include YouTuber MrBeast and Reddit’s co-founder Alexis Ohanian. At one point, reports floated Elon Musk’s name as a possible buyer, but he later denied the claims.
The deadline is approaching
Like we said, the ban on TikTok is looming. US President Trump had previously extended the deadline by 75 days. This extension is set to expire this Saturday. With no clear bidder in place, it looks as though Trump may have to extend it again.
However, Trump recently stated that he is confident that a deal will be struck before the deadline is up. You can’t blame us if we’re a little skeptical.
This is because buying TikTok isn’t as straightforward as a company buying another company. The US and China are using TikTok as a pawn in their ongoing trade war. China doesn’t want to let TikTok go over concerns about technologies falling into the hands of the US government.
The US government, meanwhile, worries that TikTok is collecting data on US citizens and sharing it with China. Trump recently suggested that he will look into cutting tariffs for China as a means to sweeten the deal. Prior to that, the President threatened tariffs to get China to comply.
