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White House in talks for Oracle to take over TikTok: sources
The White House is negotiating a deal that would give US software company Oracle and American investors to gain majority control over TikTok, according to two people with direct knowledge of the talks.
ByteDance, the China-based parent company of TikTok, would maintain a minority stake, while Oracle would manage the app’s algorithm, data collection, and software updates.
The deal seeks to ensure ByteDance has no access to US user data, a key condition for congressional approval.
TikTok is currently unavailable for download on app stores, but Oracle has reinstated its services following a temporary pause from a Trump-era executive order.
Further developments are expected as negotiations continue.
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