Oracle, with support from a group of investors including Microsoft, is in discussions to acquire global operations of TikTok. Under the proposed deal, ByteDance would retain a minority interest while Oracle would oversee the app's algorithm and data management. This agreement aims to reduce the influence of Chinese ownership in the platform. Microsoft's involvement remains ambiguous, especially since Walmart stepped away from the negotiations due to financial considerations. The deal follows the recent executive order by President Trump that delayed enforcement actions against ByteDance for divesting TikTok.
Oracle and a consortium including Microsoft are negotiating to take over TikTok's global operations, ensuring the app's data and oversight are American-controlled.
The deal aims to have ByteDance retain a minority stake while Oracle manages TikTok's algorithm, a response to fears of Chinese ownership.
The agreement is part of an effort to minimize Chinese influence over TikTok, following significant scrutiny from the US government.
Microsoft's role in the current negotiations remains unclear, as Walmart has opted out due to cost concerns, unlike past bids.
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