Oracle, Microsoft may be part of the deal to acquire TikTok

TikTok

It appears that a group of investors — including Oracle and Microsoft — are stitching together a deal to take control of TikTok. According to a report by NPR, the Donald Trump administration is negotiating a deal with TikTok's China-based owner ByteDance. As per the report, under the deal ByteDance would retain a minority stake. However, other operations — including TikTok’s algorithm, data collection, and even software updates — would be controlled by Oracle. Interestingly, Oracle already manages TikTok’s web infrastructure. The report also notes that Microsoft is one of the investors who could be part of the deal. It's not clear what role

According to the report, Oracle representatives and White House officials met on Friday to discuss a potential agreement involving TikTok. Another meeting is planned for next week, as per the report. Oracle is reportedly eyeing a stake in TikTok valued in the “tens of billions,” though the specifics of the deal remain uncertain.

The report quotes a source which mentioned that the idea is for “for Oracle to play an active role in monitoring and overseeing TikTok’s operations. "ByteDance wouldn't completely go away, but it would minimize Chinese ownership,” the source was quoted as saying.

Trump signed an executive order that delayed the TikTok ban by 75 days. "Essentially with TikTok I have the right to sell it or close it," Trump after he signed the executive order.” Trump also said that the administration will work on "a joint venture" between the United States and undisclosed other entities. "I think you have a lot of people who would be interested," Trump said.