Digest opened free editor
Rola Khaleda, FT editor, chooses her favorite stories in this weekly newsletter.
Andresson Horwitz, the American investment capital giant, is holding investment talks on the Tiktok social media platform as part of the effort led by Donald Trump to control the famous video application of Chinese owners.
Venture Capital Group, co -founder of Marc Andressen, is holding voice supporters of the American President, to add new external investment that will buy Chinese Tiktok investors To score it From her mother company bytedance.
The offer recently emerged as the candidate directed before the deadline on April 5, when the federal law prohibits the application in the country unless its owner, who is based in Beijing, sells the American arm to non -Chinese entities, according to multiple persons familiar with the matter.
Andrink I invested early on Facebook and poured $ 400 million in buying Elon Musk from Twitter in 2022, but not investing in bytedance. The company was contacted as TIKTOK advisers and the White House sought to add financial fiery power to the ongoing discussions. Three people are aware of the discussions, that Andrink was very considering investing.
Blackstone and other senior asset managers who have not already invested Bensanis She was also dealt with as part of talks in the late stage of dividing Tiktok from her father on the deadline, as the people said.
Blackstone was discussing investment much less than one billion dollars, while Andrink was interested in taking a greater stake, and the sources, who warned that the talks were continuing and that the deal might fail to achieve it. Reuters mentioned earlier about Blackston.
Andresson Horwits did not respond to the suspension requests. Blackston refused to comment. Tiktok did not immediately respond to a request for comment.
Andressen talks as part of the broader negotiations by the largest American investor in Tiktok to take over the company along with the Oracle software, in an offer aimed at guaranteeing Trump that the video application is free of Chinese control and can continue to work in the country.
The Financial Times reported that the current supporters in Bitayance, including General Atlantic, Suskana, KKR and Coature, seek to obtain additional classes in the tiktok us that has not faded.
Oracle, whose founding Trump Larry Ellison’s ally, has been likely to be found in its foundation, is likely to take small stock data and secure US Tiktok data, allowing the continued operation of its very desirable algorithm, which was a major demand for the Chinese government.
Mark Anderson’s close relations with the Trump administration include assisting employees in the billionaire cost unit of the United States of America, while Andressen Horwitz’s partner Serraim Krishnan is working as a white intelligence consultant for artificial intelligence.
The company is also a large investor in other companies run by Musk, including the XAI intelligence company X Friday.
https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2Fa2b96b01-3c66-47e4-8450-d544f1b698d0.jpg?source=next-article&fit=scale-down&quality=highest&width=700&dpr=1
Source link