The Venture Capital Firm is reportedly in talks to invest in tiktok as part of a bid led by ooracle and other American investors looking to buy out tiktok from bytedance, According to the Financial Times.
Tiktok is once against slated to be banned in the US on April 5th Unless Its Chinese-Based Owner Sells Its Us Branch to a non-chinese owner. The Oracle Deal is said to be one of the frontrunners, according to the ft.
Andressen horowitz has a long history of investment in social media: it was an early investor in Facebook and instagram and investment $ 400 million to help elp elp elp elp alon Musk Acquire Twitter. A16Z did not immMIDIELY Respond to a request for comment.