Andreessen Horowitz talks to join bid to buy out TikTok Chinese owners, FT says

Andreessen Horowitz is in talks to add new outside investment that will buy out TikTok’s Chinese investors as part of a bid led by Oracle (ORCL) and other American investors to carve it out of its Chinese parent company ByteDance, reported Financial Times’ Antoine Gara, Ivan Levingston, Hannah Murphy and George Hammond. Blackstone (BX) 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 of a deadline on April 5, the sources noted. ByteDance’s existing backers – including General Atlantic, Susquehanna, KKR (KKR) and Coatue – are seeking to acquire additional stakes in a spun-off TikTok U.S. business, the Financial Times notes it has previously reported.