The Trump administration is negotiating a plan to save TikTok by involving Oracle and other investors to oversee the app's global operations. Under the proposed agreement, ByteDance, TikTok's Chinese owner, would maintain a minority stake, while American investors, led by Oracle, would control key functions like data collection and algorithm management. This restructuring aims to address national security concerns by minimizing Chinese ownership. Talks are ongoing, reflecting previous attempts to broker a deal under the Trump administration that did not materialize.
The goal is for Oracle to effectively monitor and provide oversight with what is going on with TikTok.
ByteDance wouldn't completely go away, but it would minimize Chinese ownership.
Oracle is interested in a TikTok stake 'in the tens of billions,' but the rest of the deal is in flux.
Trump gave his blessing to a TikTok takeover attempt involving Oracle and Walmart that eventually fell apart.
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