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

BlockBeats News, April 3rd, according to the Financial Times, several sources revealed that under the terms of the transaction, a group of new external investors, including a16z, Blackstone Group, Silver Lake Capital, and other large private equity firms, will own approximately half of TikTok's US business. These sources stated that the US business will be separated from its Beijing-based parent company 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 individuals involved in the process, these plans are still in the preliminary stages and may change. This was developed prior to the April 5th US legal deadline, which requires that unless the Beijing-based owner sells it to a non-Chinese entity, the app will be banned in the US.

Officials from President Trump's administration are scheduled to meet on Wednesday to discuss the negotiation status, according to multiple sources, and if the President gives approval, the deal could be announced quickly. A White House spokesperson stated: "If there is a statement regarding TikTok, it will be released by President Trump."

One source cautioned that the situation is still volatile, and the White House could still suddenly change its plans. Under the transaction terms, ByteDance will retain less than 20% of the business shares to comply with US legislation, which states that a "foreign adversary" should not control more than one-fifth of the shares. The sources added that the plan will still require several months of further due diligence, structural adjustments, and other corporate financing commitments, which are a typical process in acquisition transactions, and the structure may change, with some equity supporters potentially increasing or decreasing their proposed investments. One source mentioned that these groups will have three to four months to complete the separation process.