The White House is close to approving the TIKTOK US deal, with new investors including a16z, Blackstone Group, and others

According to BlockBeats, on April 3rd, according to the Financial Times, multiple insiders revealed that a group of new external investors, including a16z, Blackstone Group, Silver Lake Capital, and other large private equity firms, will own about half of TikTok's US business shares under the terms of the transaction. These people said that the US business would be separated from its parent company in Beijing, ByteDance. TikTok's existing major investors, including General Atlantic, Susquehanna, KKR, and Coatue, will also hold approximately 30% of the shares in the US business. According to those involved in the process, these plans are still in the preliminary stage and may undergo changes. This was enacted before the April 5th legal deadline in the United States, which requires the app to be banned in the United States unless the owner in Beijing sells it to a non Chinese entity. President Trump's officials are scheduled to meet on Wednesday to discuss the negotiation situation, and multiple sources have stated that if the president approves, the deal may be announced soon. The White House spokesperson said, "If there is a statement about TikTok, it will be released by President Trump A person warned that the situation is still unstable and the White House may suddenly change its plans. According to the terms of the transaction, ByteDance will reserve less than 20% of the business shares to meet the requirements of the US legislation, that is, the "foreign counterpart" shall not control more than one-fifth of the shares. Insiders added that the plan still requires several months of further due diligence, structural adjustments, and other company financing commitments, which is a typical process of a normal acquisition transaction. The structure may change, and some equity supporters may increase or decrease their proposed investments. A person stated that these groups will have three to four months to complete the divestment process.