White House in talks to have Oracle and U.S. investors take over TikTok

https://www.npr.org/2025/01/25/g-s1-44779/tiktok-ban-deal-trump-oracle

The Trump administration is working on a plan to save TikTok that involves tapping software company Oracle and a group of outside investors to effectively take control of the app's global operations, according to two people with direct knowledge of the talks.

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 software updates will be overseen by Oracle, which already provides the foundation of TikTok's web infrastructure.

That would effectively mean American investors would own a majority stake in TikTok, but the terms of the deal could change and are still being hammered out.

"The goal is for Oracle to effectively monitor and provide oversight with what is going on with TikTok," said the person directly involved in the talks, who was not authorized to speak publicly about the deliberations. "ByteDance wouldn't completely go away, but it would minimize Chinese ownership."

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