The enterprise capital agency is reportedly in talks to spend money on TikTok as a part of a bid led by Oracle and different American buyers seeking to purchase out TikTok from ByteDance, based on the Financial Times.
TikTok is as soon as once more slated to be banned within the U.S. on April 5 except its Chinese-based proprietor sells its U.S. department to a non-Chinese proprietor. The Oracle deal is claimed to be one of many frontrunners, based on the FT.
Andreessen Horowitz has an extended historical past of investing in social media: It was an early investor in Facebook and Instagram and invested $400 million to assist Elon Musk purchase Twitter. The agency didn’t instantly reply to a request for remark.
