Venture capital firm Andreessen Horowitz, also known as a16z, is reportedly in discussions to invest in TikTok as part of a bid led by Oracle and other United States-based investors.

This move comes as TikTok faces a potential ban in the United States on Apr. 5, unless it transitions to non-Chinese ownership.

The Oracle-led proposal is reportedly one of the leading options under consideration.

A16z, known for investing in major social media platforms such as Facebook and Instagram, previously contributed US$400 million to Elon Musk’s acquisition of Twitter.

A16z has not publicly commented on the ongoing discussions.