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Oracle and Microsoft are reportedly in talks to take over TikTok
Microsoft, Oracle Reportedly in Talks to Buy TikTok
TikTok and President Donald Trump are reportedly in talks with Microsoft and Oracle to buy the social media app.
Will Oracle, Microsoft Save TikTok Under Donald Trump Plan? What We Know
Last week, President Donald Trump paused TikTok's nationwide ban in the U.S., after the Supreme Court ordered it be shut down due to national security concerns over its ties to the Chinese government. This could potentially enable Beijing to access user data and influence American users.
ByteDance, TikTok’s parent company, is required to sell the app to a U.S.-based buyer or face a nationwide ban.
Numerous potential buyers, including PerplexityAI and the internet advocacy group, Project Liberty, have publicly stated their interest in the app.
The Trump administration is denying it, but Trump previously said he'd like to see the software company take it over.
The plan to save TikTok involves software company Oracle and a group of outside investors effectively taking control of the app's global operations, two sources with
According to a media report, the White House is negotiating a TikTok takeover by Oracle and other investors.
The Donald Trump administration is negotiating a deal with TikTok's China-based owner ByteDance. Both Oracle and Microsoft could be a part of the deal.
During the first Trump TikTok ban effort, Oracle and Walmart were set to take a 20 percent stake in 'TikTok Global,' which included US operations as well as undisclosed other nations. Larry Ellison, Oracle founder, was a major supporter of Trump's 2016 bid.
Oracle and a consortium of investors, including Microsoft, are said to be in talks to take over TikTok 's global operations. According to NPR, the White House is brokering these talks.
The proposed deal, currently under discussion with the White House, could leave TikTok's parent company, ByteDance, with a minority stake in the app.
Oracle and Microsoft are in talks to take over TikTok’s global operations, according to a report from National Public Radio (NPR), a US-based broadcasting platform. The plan would reduce Chinese ownership of the app and address security concerns tied to its parent company,
The Trump administration is working with Oracle and investors like Microsoft to save TikTok, allowing ByteDance to keep a minority stake. Meetings are ongoing to finalize the deal, with a potential $200 billion price tag and oversight by Oracle to reduce Chinese ownership.
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