White House in talks with Oracle and US investors to save TikTok, with possible deal pending

From Investing.com: 2025-01-25 17:50:34

The Trump administration is working on a plan to save TikTok by involving Oracle and outside investors to take control of the app’s global operations. ByteDance would retain a minority stake, but Oracle would oversee the algorithm, data collection, and updates. American investors would own a majority stake in TikTok under the possible deal.

Oracle is interested in a TikTok stake “in the tens of billions,” with the rest of the deal still being negotiated. Appeasing Congress is seen as a key hurdle by the White House. Other potential investors, including Microsoft, are engaged in talks. Meetings between Oracle and the White House have taken place, with another scheduled for next week.



Read more at Investing.com: White House in talks to have Oracle and US investors take over TikTok, NPR reports By Reuters