The US and China have just about settled on a deal to keep video app TikTok alive in the US, and that Oracle, Silver Lake, and Andreessen Horowitz are among the investors that will take a "roughly 80%" share of a new US company that will operate a new US version of the app.
President Trump first threatened to ban TikTok in 2020, claiming that the app's Chinese owner presented a national security risk, and in 2024 a ban was signed into law by President Biden.
According to WSJ's sources, Oracle, Silver Lake, and Andreessen Horowitz will be the new majority owners of TikTok in the US. Oracle is a Silicon Valley database and cloud computing company—which is already TikTok's cloud provider—that was co-founded by conservative billionaire Larry Ellison. Silver Lake and Andreessen Horowitz are Silicon Valley investment firms run by more billionaires (who else runs Silicon Valley investment firms?), including Trump adviser Marc Andreessen.
Those details haven't been publicly confirmed—WSJ cites "people familiar with the matter"—with more presumably to come following Friday's meeting.