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White House in talks to have Oracle and US investors take over TikTok, NPR reports
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White House in talks to have Oracle and US investors take over TikTok, NPR reports
Jan 25, 2025 2:55 PM

WASHINGTON, Jan 25 (Reuters) - The administration of

U.S. President Donald Trump 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, National Public Radio reported on

Saturday.

Under the deal 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 would be overseen by Oracle, which already

provides the foundation of TikTok's Web infrastructure, NPR

reported.

The NPR report cited two people with knowledge of the talks.

(Reporting by Kanishka Singh in Washington)

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