White House Plans Meeting on TikTok
U.S. President Donald Trump will review a final proposal regarding TikTok on Wednesday, as the app approaches an April 5 deadline to secure a non-Chinese buyer or risk a ban in the U.S., according to a White House official who spoke to Reuters....
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U.S. President Donald Trump will review a final proposal regarding TikTok on Wednesday, as the app approaches an April 5 deadline to secure a non-Chinese buyer or risk a ban in the U.S., according to a White House official who spoke to Reuters.
A meeting is scheduled at the Oval Office that will include Vice President JD Vance, Commerce Secretary Howard Lutnick, National Security Advisor Mike Waltz, and Director of National Intelligence Tulsi Gabbard, the official confirmed, corroborating a report from CBS News.
Last week, Reuters reported that private equity firm Blackstone is in discussions to join existing non-Chinese shareholders of ByteDance, led by Susquehanna International Group and General Atlantic, to provide additional capital for a bid on TikTok's U.S. operations.
On Sunday, Trump stated that an agreement with ByteDance for the sale of the short video app, which is utilized by 170 million Americans, would be reached prior to the April 5 deadline.
In January, Trump established the deadline for TikTok to find a non-Chinese buyer, warning of a U.S. ban on national security grounds, which was expected to take effect that month under a 2024 law.
The Financial Times reported on Tuesday that U.S. venture capital firm Andreessen Horowitz is considering an investment in TikTok as part of an initiative led by Trump to gain control of the app.
Marc Andreessen, a co-founder of Andreessen Horowitz and a Trump supporter from Silicon Valley, is in negotiations to attract new external investment aimed at buying out TikTok's Chinese investors. This effort is part of a larger bid led by Oracle and other American investors to separate TikTok from its parent company, ByteDance, according to the FT.
On Friday, Reuters learned that Blackstone is assessing the possibility of making a minor investment in TikTok's U.S. operations, based on information from two individuals familiar with the situation.
Neither TikTok nor Andreessen Horowitz responded immediately to Reuters' requests for comment.
Discussions regarding TikTok's future are coalescing around a strategy for the largest non-Chinese investors in ByteDance to increase their stakes and take over the U.S. operations of the short-video app, as reported by Reuters last month.
Allen M Lee for TROIB News
A meeting is scheduled at the Oval Office that will include Vice President JD Vance, Commerce Secretary Howard Lutnick, National Security Advisor Mike Waltz, and Director of National Intelligence Tulsi Gabbard, the official confirmed, corroborating a report from CBS News.
Last week, Reuters reported that private equity firm Blackstone is in discussions to join existing non-Chinese shareholders of ByteDance, led by Susquehanna International Group and General Atlantic, to provide additional capital for a bid on TikTok's U.S. operations.
On Sunday, Trump stated that an agreement with ByteDance for the sale of the short video app, which is utilized by 170 million Americans, would be reached prior to the April 5 deadline.
In January, Trump established the deadline for TikTok to find a non-Chinese buyer, warning of a U.S. ban on national security grounds, which was expected to take effect that month under a 2024 law.
The Financial Times reported on Tuesday that U.S. venture capital firm Andreessen Horowitz is considering an investment in TikTok as part of an initiative led by Trump to gain control of the app.
Marc Andreessen, a co-founder of Andreessen Horowitz and a Trump supporter from Silicon Valley, is in negotiations to attract new external investment aimed at buying out TikTok's Chinese investors. This effort is part of a larger bid led by Oracle and other American investors to separate TikTok from its parent company, ByteDance, according to the FT.
On Friday, Reuters learned that Blackstone is assessing the possibility of making a minor investment in TikTok's U.S. operations, based on information from two individuals familiar with the situation.
Neither TikTok nor Andreessen Horowitz responded immediately to Reuters' requests for comment.
Discussions regarding TikTok's future are coalescing around a strategy for the largest non-Chinese investors in ByteDance to increase their stakes and take over the U.S. operations of the short-video app, as reported by Reuters last month.
Allen M Lee for TROIB News
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