TikTok Ban: White House Negotiating Deal To Have Oracle, US Investors Take Over ByteDance-Owned App, Says Report
The deal is being negotiated by the White House. Under the deal, TikTok's China-based owner, ByteDance, would retain a minority stake in the company.
US President Donald Trump's administration is reportedly said to be in talks to have Oracle and US investors take over TikTok. According to a report, the deal is being negotiated by the White House. Under the deal, TikTok's China-based owner, ByteDance, would retain a minority stake in the company; however, the app's algorithm, data collection and software updates will be overseen by Oracle. Elon Musk To Buy TikTok? US President Donald Trump Says He’s Open to Idea of Tech Billionaire Purchasing ByteDance-Owned App.
Oracle and US Investors To Take Over TikTok
JUST IN - Trump admin is in talks to have Oracle and U.S. investors take over TikTok - NPR
Under the deal now being negotiated by the White House, TikTok's China-based owner ByteDance would retain a minority stake in the company, but the app's algorithm, data collection and…
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(The above story first appeared on LatestLY on Jan 26, 2025 07:50 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).
