According to bids from Amazon to get all Tiktoks. The New York Times. Tiktok faces an April 5 deadline to get rid of Chinese ownership or face a ban in the United States, but the parties involved in the deal negotiations do not seem to take Amazon’s bid seriously.
President Donald Trump plans to meet with officials on Wednesday to discuss the fate of the app. Trump said earlier this week Dealing with Tiktok’s parent company The sale of the app will be completed by the April 5 deadline.
On Tuesday, the Financial Times reported Andreessen Horowitz is talking about investment In Tiktok, it is part of an Oracle-led bid that includes U.S. investors interested in buying the app.
Last week, Reuters reported Private equity firm Blackstone Bytedance, currently non-Chinese shareholders led by Susquehanna International Group and General Atlantic, is considering joining Bytedance, currently non-Chinese shareholder, to provide new capital to bid for Tiktok’s U.S. operations.
