President Trump is reported to have decided to consider a final proposal for a TIKTOK agreement on Wednesday ahead of Saturday-again another report claimed that Andreesen Horowitz has joined negotiations to buy Chinese investors in video sharing.
Senior Trump administration officials have settled to hold an Oval Office meeting with the President with details completed in their plan, CBS News reported, citing sources known to the situation.
Attendees of the meeting are reported to include Vice President JD Vance, who has been running for negotiations, as well as Trade Secretary Howard Lutnick, National Security Advisor Mike Waltz and National Intelligence Director Tulsi Gabbard.
Trump has until Saturday to find an acceptable buyer for Tiktok after issuing an executive order by delaying the implementation of a federal law that banned the application unless the parent company based on China Bytedance.
He can also choose to extend the deadline again.
A special report from the Financial Times said that the Enterprise Capital Firm focused on Andreesen Horowitz is in talks to buy a TIKTOK share as part of a proposed agreement to distribute the application of the application in the US.
Andreesen Horowitz, led by President Trump Ally Marc Andreessen, will partner with a group of existing Bytedance-Susquehanna investors, KKR, General Atlantic and Coatue who are seeking to gain greater shares in the company, according to FT, which quoted people.
The group, which also includes Larry Ellison’s Oracle, is considered the precursor to buying tiktok, as the post -post Charles Gasparino reported.
Representatives for Andreessen Horowitz did not accept the comment. Tiktok and the White House did not immediately return a comment request.
The Congress initially took action to fear that Chinese ownership of Tiktok was a risk of national security.
According to FT, Andreessen Horowitz approached a possible investment by “Tiktok advisers and the White House” and “are strongly thinking of making an investment”.
Other assets management firms, including Blackstone Group, are also said to have approached investment.
The law adopted by the Congress demanded that Bytedance completely relocate its shares to Tiktok or face a full ban on the USA A Purchase of Chinese Investors could help the Trump administration sell the Congress to support the agreement.
Feds have said that Beijing can manipulate the TIKK recommendation algorithm to influence public opinion among more than 170 million US users and improperly enter the data to spy on Americans among other charges. Tiktok has denied wrongdoing.
Sen. Tom Cotton (R-Ar.), Which heads the Intel Committee of the Senate, has pressured total relocation from China and expressed concerns about the remaining bydances involved.
However, every tiktok sale should be approved by the Chinese government, and some reports have suggested that Bytedance could hold some of the minorities in Tiktok even after a possible agreement.
Earlier this week, Trump told reporters that his team would announce conditions in a Tiktok deal ahead of Saturday.
“We have a lot of potential buyers. There is tremendous interest in Tiktok,” Trump told reporters late Sunday, according to Reuters. “The decision will be my decision, as you know, through Congress. They have given me the power to make the decision.”
“I would like to see Tiktok remain alive,” Trump added.
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