Silver Lake, Andreessen Horowitz part of TikTok U.S. investor group, WSJ says

Any potential TikTok U.S. business would be controlled by a group of investors including Oracle (ORCL), Silver Lake, and Andreessen Horowitz under a framework the U.S. and China are working to finalize as negotiations shift into high gear, the Wall Street Journal’s Raffaele Huang, Linigling Wei, and Alex Leary report, citing people familiar with the matter. The arrangement would establish a new U.S. entity to operate the social media platform, with U.S. investors owning a roughly 80% position and Chinese investors holding the rest, the authors say. The new entity would also have an American-dominated board, with one director designated by the U.S. government, the authors note. Publicly traded companies in the space include Meta Platforms (META), Pinterest (PINS), Reddit (RDDT) and Snap (SNAP).