Summarize this content to 2000 words in 6 paragraphs in Arabic Unlock the Editor\u2019s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.US venture capital giant Andreessen Horowitz is in talks to invest in social media platform TikTok as part of an effort led by Donald Trump to wrest control of the popular video app from its Chinese owners.The venture capital group, whose co-founder Marc Andreessen is a vocal supporter of the US president, is in talks to add new outside investment that will buy out TikTok\u2019s Chinese investors, as part of a bid led by Oracle and other American investors to carve it out of its parent company ByteDance.\u00a0The bid recently emerged as the frontrunner ahead of a deadline on April 5, when a federal law would ban the app in the country unless its Beijing-based owner sells the US arm to non-Chinese entities, according to multiple people familiar with the matter.\u00a0Andreessen invested early in Facebook and poured $400mn into Elon Musk\u2019s buyout of Twitter in 2022, but is not an investor in ByteDance. The firm was approached as TikTok\u2019s advisers and the White House sought to add financial firepower to ongoing discussions. Andreessen was strongly considering making an investment, said three people familiar with the discussions.\u00a0Blackstone Group and other large asset managers not already invested in ByteDance have also been approached as part of late-stage talks to split TikTok from its parent ahead the deadline, said the people.\u00a0Blackstone was discussing investing well below $1bn, while Andreessen was interested in taking a larger stake, said the sources, who cautioned that the talks were ongoing and a deal could fail to materialise. Reuters earlier reported on Blackstone\u2019s interest.\u00a0Andreessen Horowitz did not respond to requests for comment. Blackstone declined to comment. TikTok did not immediately respond to a request for comment. Andreessen\u2019s talks come as part of broader negotiations by TikTok\u2019s largest US investors to take over the company alongside software giant Oracle, in a bid meant to assure Trump that the video app is free from Chinese control and can continue operating in the country.ByteDance\u2019s existing backers including General Atlantic, Susquehanna, KKR and Coatue are seeking to acquire additional stakes in a spun-off TikTok US business, the Financial Times has previously reported.Oracle, co-founded by Trump ally Larry Ellison, would also potentially take a small shareholding and secure TikTok\u2019s US data, allowing ByteDance to continue to operate its highly sought-after algorithm, which has been a central demand of the Chinese government.Marc Andreessen\u2019s close ties to the Trump administration include helping recruit staff for the billionaire Musk\u2019s US government cost-cutting unit, while former Andreessen Horowitz general partner Sriram Krishnan is serving as a White House adviser for artificial intelligence.\u00a0The firm is also a big investor in other companies operated by Musk, including his AI company xAI, which acquired X on Friday.<\/p>\n","protected":false},"excerpt":{"rendered":"
Summarize this content to 2000 words in 6 paragraphs in Arabic Unlock the Editor\u2019s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.US venture capital giant Andreessen Horowitz is in talks to invest in social media platform TikTok as part of an effort led by Donald Trump to<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[63],"tags":[],"class_list":{"0":"post-260377","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-tech"},"_links":{"self":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/posts\/260377","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/comments?post=260377"}],"version-history":[{"count":0,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/posts\/260377\/revisions"}],"wp:attachment":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/media?parent=260377"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/categories?post=260377"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/tags?post=260377"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}