US venture capital firm Andreesen Horowitz is reportedly in talks to buy a stake in TikTok, as part of a proposed deal to divest the platform's US operations from Chinese parent company ByteDance, days before a deadline for the sale of the app.
Andreesen Horowitz is considering partnering with a group of ByteDance’s existing US investors including Susquehanna, KKR, General Atlantic and Coatue for the deal, the Financial Times reported on Tuesday, citing unnamed sources. The group also includes Oracle, which is considered the front-runner to buy TikTok.
Andreessen Horowitz’s co-founder, Marc Andreessen, is a staunch supporter of US President Donald Trump, and the company was approached about a potential investment by “TikTok’s advisers and the White House” and is “strongly considering making an investment”, the FT reported.
Private equity firm Blackstone as well as other asset managers are also considering investments in TikTok’s US operations, US media reports said.
On Wednesday, Mr Trump is also expected to meet key administration officials, including Vice President JD Vance – who is leading negotiations over the sale, to consider the proposal for divesting TikTok’s US operations, Bloomberg reported.
The deal would give Oracle a small stake in a new American entity. Oracle would provide security assurances for US data while potentially leaving the app’s algorithm in Chinese hands, Bloomberg cited an earlier proposal as saying.
Shortly after he was sworn in, Mr Trump agreed to exercise an option in the bipartisan legislation that tried to force TikTok's China-based owner, ByteDance, to sell the platform to a US entity, giving the company until April 5 to come up with a solution that would keep the platform running.
The US President had initially supported a ban but reversed course after using the video-sharing platform to make inroads with younger voters during the November election.
While talking to reporters in the Oval Office last week, Mr Trump implied he may ease imminent tariffs on imports from China to secure a deal for the divestment of TikTok before the April 5 ban.
“Every point in tariff is worth more money than TikTok,” he said, floating the idea to reporters. “It sounds like something I would do.”
On Sunday during an interview on board Air Force One, Mr Trump expressed optimism that a deal with ByteDance would be reached.
“We have a lot of potential buyers,” he told reporters. “I'd like to see TikTok remain alive.”
TikTok, which has more than 170 million active users in the US, has repeatedly insisted that US user data is not compromised by ByteDance's China ownership.
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Booklava works on a subscription model. On signing up you receive a free book as part of a 30-day-trial period, after which you pay US$9.99 (Dh36.70) per month to gain access to a library of books and discounts of up to 30 per cent on selected titles. You can cancel your subscription at any time. For more details go to www.booklava.com
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Desert Warrior
Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley
Director: Rupert Wyatt
Rating: 3/5
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Avatar: Fire and Ash
Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5
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Trump v Khan
2016: Feud begins after Khan criticised Trump’s proposed Muslim travel ban to US
2017: Trump criticises Khan’s ‘no reason to be alarmed’ response to London Bridge terror attacks
2019: Trump calls Khan a “stone cold loser” before first state visit
2019: Trump tweets about “Khan’s Londonistan”, calling him “a national disgrace”
2022: Khan’s office attributes rise in Islamophobic abuse against the major to hostility stoked during Trump’s presidency
July 2025 During a golfing trip to Scotland, Trump calls Khan “a nasty person”
Sept 2025 Trump blames Khan for London’s “stabbings and the dirt and the filth”.
Dec 2025 Trump suggests migrants got Khan elected, calls him a “horrible, vicious, disgusting mayor”
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Europa League semi-final, second leg
Atletico Madrid (1) v Arsenal (1)
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When: Thursday, May 3
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How to keep control of your emotions
If your investment decisions are being dictated by emotions such as fear, greed, hope, frustration and boredom, it is time for a rethink, Chris Beauchamp, chief market analyst at online trading platform IG, says.
Greed
Greedy investors trade beyond their means, open more positions than usual or hold on to positions too long to chase an even greater gain. “All too often, they incur a heavy loss and may even wipe out the profit already made.
Tip: Ignore the short-term hype, noise and froth and invest for the long-term plan, based on sound fundamentals.
Fear
The risk of making a loss can cloud decision-making. “This can cause you to close out a position too early, or miss out on a profit by being too afraid to open a trade,” he says.
Tip: Start with a plan, and stick to it. For added security, consider placing stops to reduce any losses and limits to lock in profits.
Hope
While all traders need hope to start trading, excessive optimism can backfire. Too many traders hold on to a losing trade because they believe that it will reverse its trend and become profitable.
Tip: Set realistic goals. Be happy with what you have earned, rather than frustrated by what you could have earned.
Frustration
Traders can get annoyed when the markets have behaved in unexpected ways and generates losses or fails to deliver anticipated gains.
Tip: Accept in advance that asset price movements are completely unpredictable and you will suffer losses at some point. These can be managed, say, by attaching stops and limits to your trades.
Boredom
Too many investors buy and sell because they want something to do. They are trading as entertainment, rather than in the hope of making money. As well as making bad decisions, the extra dealing charges eat into returns.
Tip: Open an online demo account and get your thrills without risking real money.
Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
THE TWIN BIO
Their favourite city: Dubai
Their favourite food: Khaleeji
Their favourite past-time : walking on the beach
Their favorite quote: ‘we rise by lifting others’ by Robert Ingersoll
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COMPANY PROFILE
Name: Kumulus Water
Started: 2021
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Based: Tunisia
Sector: Water technology
Number of staff: 22
Investment raised: $4 million
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How to report a beggar
Abu Dhabi – Call 999 or 8002626 (Aman Service)
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