financetom
Technology
financetom
/
Technology
/
White House in talks to have Oracle and US investors take over TikTok, NPR reports
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
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)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Crude oil is under the dominance of the sideways trend -Analysis-02-07-2025
Crude oil is under the dominance of the sideways trend -Analysis-02-07-2025
Jul 1, 2025
The (crude oil) kept moving in a tight sideways range trading between $65.56 resistance and $63.70 support, indicating a state of confusion and anticipation in the markets, waiting for a new motive to push the price to break this range. This comes under the dominance of a bearish correctional wave on the short-term basis, which shows the weakness of the...
What Analysts Are Saying About Taiwan Semiconductor Stock
What Analysts Are Saying About Taiwan Semiconductor Stock
Jul 1, 2025
Providing a diverse range of perspectives from bullish to bearish, 6 analysts have published ratings on Taiwan Semiconductor in the last three months. The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2...
Gold price gathers gains -Analysis-02-07-2025
Gold price gathers gains -Analysis-02-07-2025
Jul 1, 2025
The (Gold) price declined in its last intraday trading in a correctional natural move that targets gathering the previous gains, where the price bounced lower to test its dynamic support that is represented by the EMA50, which remains forming a significant technical pilar for the price move on the short-term basis. This decline comes as an attempt to offload the...
Alibaba Cloud announces new data centres in Malaysia, the Philippines
Alibaba Cloud announces new data centres in Malaysia, the Philippines
Jul 1, 2025
BEIJING, July 2 (Reuters) - Alibaba Cloud, the cloud computing arm of Chinese tech giant Alibaba Group ( BABA ), announced the opening of its third data center in Malaysia on Tuesday and disclosed plans to launch a second data center in the Philippines in October, according to a statement released on Wednesday. The expansion ensures that Alibaba Cloud can...
Copyright 2023-2025 - www.financetom.com All Rights Reserved