Could Oracle be about to take over TikTok? Trump reportedly backs plans for shock deal
Posted by:
Olivia Smith
Amidst the ongoing TikTok saga, NPR reports a potential plan for Oracle to become part-owners of the platform. This deal could see Oracle taking over TikTok from ByteDance, potentially avoiding a US ban thanks to renewed discussions involving US investors. While President Trump and various investors are said to be involved, details remain murky. The deadline for a sale extension has been stretched to enable further negotiations. However, TikTok remains unavailable on major app stores as the situation unfolds. Potential opposition from China, trade tariff negotiations, and Oracle’s business interests add layers to this evolving story. Stay tuned for updates on this intriguing tech industry development.
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