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White House to hold meeting on TikTok
Apr 1, 2025 3:53 PM

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.

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