Sept 15 (Reuters) - Oracle is among a
consortium of firms that would enable TikTok to continue
operations in the United States if a framework deal between the
U.S. and China is finalized, CBS News reported on Monday.
Reuters could not immediately confirm the report.
The precise structure of the deal was not clear, the report
said, adding that the deal will include multiple companies.
The White House, Oracle and TikTok did not immediately
respond to Reuters' requests for a comment.
U.S. and Chinese officials said earlier on Monday that
they have reached a framework agreement to switch TikTok to
U.S.-controlled ownership that will be confirmed in a Friday
call between U.S. President Donald Trump and his Chinese
counterpart Xi Jinping.
After a meeting with Chinese negotiators in Madrid, U.S.
Treasury Secretary Scott Bessent said a September 17 deadline
that could have disrupted the popular social media app in the
U.S. encouraged Chinese negotiators to reach a potential deal.
He said that deadline could be extended by 90 days to allow
the deal to be finalized, but declined to discuss any specifics.