Oracle, TikTok and Microsoft
· 10h · on MSN
Oracle and Microsoft are reportedly in talks to take over TikTok
· 2h · on MSN
Microsoft is once again reportedly involved in talks to buy TikTok, with Oracle leading
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.
The proposed deal, currently under discussion with the White House, could leave TikTok's parent company, ByteDance, with a minority stake in the app.
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.
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.
Oracle would oversee TikTok’s algorithm, data collection, and software updates, effectively reducing Chinese control over the app.
President Trump and his administration rumored to be working on a plan to save TIkTok: acquire it from ByteDance with Oracle and other US investors.
TikTok CEO Shou Zi Chew thanked Donald Trump for his commitment to "finding a solution" that keeps TikTok available in the U.S. after the ruling.
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,
A looming ban on TikTok set to take effect on Sunday presents a multibillion-dollar headache for app store operators Apple and Google.
Earlier, Trump had expressed openness to Tesla CEO Elon Musk or Oracle Chairman Larry Ellison acquiring the Chinese social media platform
President Donald Trump had recently expressed his support in SpaceX and Tesla CEO Elon Musk or Oracle CEO Larry Ellison purchasing TikTok.
Any purchase would have to satisfy the government’s national security concerns over its owner, ByteDance, and its ties to China.
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