The rumors have been swirling for a while now, but we finally have the names of official potential TikTok buyers in the U.S. There was a time when the list of potential purchasers included everyone from Amazon to popular YouTuber MrBeast. But it’s now looking like the new owners will be Oracle, Silver Lake and Andreessen Horowitz.
The Wall Street Journal reports that the three would lead a consortium that would own an 80 percent stake in TikTok. Chinese shareholders would maintain ownership over the rest, but the majority U.S.-based ownership should be enough to alleviate Americans’ privacy concerns. Nothing has been finalized, but President Donald Trump hinted in a social media post this week that a deal has been reached. The president is scheduled to speak with Chinese President Xi Jinping on Friday, and more details may come then.
