WASHINGTON, April 1 (Reuters) - U.S. President Donald
Trump will consider on Wednesday a final proposal related to
TikTok ahead of an April 5 deadline for the app to find a
non-Chinese buyer or face a U.S. ban, a White House official
told Reuters.
There will be a meeting at the Oval Office involving Vice
President JD Vance, Commerce Secretary Howard Lutnick, national
security adviser Mike Waltz, and Director of National
Intelligence Tulsi Gabbard, said the official, confirming a CBS
News report.
Private equity firm Blackstone is discussing joining
ByteDance's existing non-Chinese shareholders, led by
Susquehanna International Group and General Atlantic, in
contributing fresh capital to bid for TikTok's U.S. business,
Reuters reported last week.
On Sunday, Trump said a deal with ByteDance to sell the
short video app used by 170 million Americans would be struck
before the deadline on April 5.
Trump set the deadline in January for TikTok to find a
non-Chinese buyer or face a U.S. ban on national security
grounds due to have taken effect that month under a 2024 law.
U.S. venture capital firm Andreessen Horowitz is in
discussions to invest in TikTok as part of an effort led by
Trump to gain control of the app, the Financial Times reported
on Tuesday.
Silicon Valley Trump supporter and Andreessen Horowitz's
co-founder, Marc Andreessen, is in talks to add new outside
investment that will buy out TikTok's Chinese investors, as part
of a bid led by Oracle and other American investors to
carve it out of its parent company ByteDance, FT said.
Reuters reported on Friday that private equity firm Blackstone
is evaluating making a small minority investment in
TikTok's U.S. operations, according to two people familiar with
the matter.
TikTok and Andreessen Horowitz did not immediately respond
to Reuters' requests for comment.
The talks on the future of TikTok are coalescing around a plan
for the biggest non-Chinese investors in ByteDance to raise
their stakes and acquire the short-video app's U.S. operations,
Reuters reported last month.
Trump said last month that his administration was in touch with
four different groups about a prospective TikTok deal, without
identifying them.
In the closely watched sale of TikTok, the White House is
playing the role of an investment bank, with Vance running the
auction.