US venture capital firm, Andreessen Horowitz, is in talks to help buy out TikTok's Chinese investors before April 5 deadline.

The venture capital firm is reportedly in talks to invest in TikTok as part of a bid led by Oracle and other American investors looking to buy out TikTok

The Trump administration's work to find an American buyer for the short-video social media site TikTok is on track ahead of the April 5 deadline to reach a deal for non-Chinese ownership, Vice President JD Vance said on Thursday as bids mounted.

Welcome to Tech In Depth, our daily newsletter with reporting and analysis about the business of tech from Bloomberg’s journalists around the world. Today, Kurt Wagner looks at the looming deadline — again — for a US ban-or-sale of TikTok.

Although it’s unclear if ByteDance plans to sell, several possible bidders have come forward ahead of a ban on the platform that’s set to go into effect on Saturday.

President Donald Trump on Inauguration Day gave the platform a reprieve, barreling past a law that had been upheld unanimously by the Supreme Court, which said the ban was necessary for national security.

Amazon declined to comment, while TikTok and its parent company ByteDance did not immediately respond to Reuters’ requests for comment. Shares of Amazon rose 1.3 percent in a volume spike after the report.

Although it’s unclear if ByteDance plans to sell TikTok, several potential bidders have come forward in the past few months.