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Oracle among firms to enable TikTok to continue operations in US, CBS News reports
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Oracle among firms to enable TikTok to continue operations in US, CBS News reports
Sep 15, 2025 8:57 PM

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.

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