News Summary

Amazon has reportedly submitted a last-minute bid to acquire TikTok, the popular video-sharing app currently owned by China’s ByteDance. With an April 5 deadline looming for TikTok to divest its Chinese ownership or face a U.S. ban, Amazon’s surprise move adds a new twist to the ongoing negotiations. According to reports, the bid is not being taken seriously by some involved in the talks. Meanwhile, Andreessen Horowitz is considering investing in TikTok as part of an Oracle-led bid, while private equity firm Blackstone may join existing non-Chinese shareholders to bolster ByteDance’s bid for TikTok’s U.S. operations.