The Trump administration is pursuing a deal where Oracle would acquire TikTok's global operations, amidst U.S. legislative pressure on its Chinese parent company, ByteDance. Last year, lawmakers mandated that ByteDance sell TikTok or face a ban in the U.S., leading to an executive order delay from Trump. The deal could see U.S. ownership structures similar to Trump's prior proposal of joint ventures. Confusion remains among lawmakers about divestment requirements as Oracle continues to play a significant role in hosting TikTok's U.S. operations.
The Trump administration is negotiating a deal that would see Oracle take over TikTok alongside new U.S. investors.
Trump outlined his "initial thought" on a deal to save TikTok by creating a joint venture with 50% U.S. ownership.
Oracle emerged as a potential buyer during Trump's first term, and TikTok said it moved all U.S. traffic to Oracle servers.
Some senators who supported the ban-or-sell bill expressed confusion about Trump's plans, highlighting the requirement for ByteDance to fully divest.
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