TikTok Buyers to Include Oracle, Silver Lake and Andreessen

TikTok’s US operations would be acquired by a consortium that includes Oracle Corp., Andreessen Horowitz and private equity firm Silver Lake Management LLC under a deal President Donald Trump is set to discuss with Chinese President Xi Jinping this week.

The framework agreement, unveiled on Monday by senior US and Chinese officials after two days of talks in Madrid, would create a US-based version of the popular social media app. Oracle, venture capital firm Andreessen and Silver Lake will all hold stakes in the new venture, according to people familiar with the matter.