.S. President Donald Trump will consider on Wednesday a final proposal related to TikTok ahead of an April 5 deadline when it comes to the app to be able
to find a non-Chinese buyer or even face a U.S. ban, a White House official told a Reuters representative from Reuters.
Even more so, a meeting at the Oval Office with JD Vance, the Vice President, Howard Lutnick, the Commerce Secretary, Tulsi Gabbard, the Director of National Intelligence, as well as Mike Waltz, the national security adviser, as reported and confirmed by a CBS News Report.
Blackstone, a private equity firm, is under discussion to join ByteDance’s existing non-Chinese shareholders, which are led by Susquehanna International Group and General Atlantic. They are also contributing fresh capital to organize bids for TikTok’s US business, as it was reported last week.
Trump also said on Sunday that a deal for ByteDance would sell the video platform that is used by 170 million Americans, also being struck before their deadline on April 5.
As a response, Trump also set a deadline in January for TikTok to find a non-Chinese buyer or face a U.S. national ban on security grounds, as it was due to take effect the following month under a 2024 law.
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It is also worth noting that the Financial Times reported on Tuesday that Andreessen Horowitz, a venture capital firm that is under discussion on whether or not to invest in TikTok as part of Trump’s effort to gain control of the app.
Andreessen Horowitz’s co-founder, Marc Andreessen, is one of Trump’s supporters from Silicon Valley, and is now in talks in order to add new outside investment that will buy out TikTok’s Chinese investors. This process is part of a bid that is led by Oracle and other American investors in order to cut out of its parent company, ByteDance.
On Friday, Reuters also reported that Blackstone is under assessment to make a small minority investment in TikTok’s US operations.
TikTok’s future is uncertain as the plan is to be the biggest non-Chinese investor in ByteDance can raise theri stakes and acquire the short-video app’s U.S. operations. Trump also mentioned last month that his administration was in touch with multiple groups regarding their perspective on the TikTok deal, without identifying them.
Even more so, the plan of selling TikTok is closely watched by the White House, playing the role of an investment bank, VP JD Vance taking care of the auction.
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