The Trump Administration is Working on a Plan to Save TikTok by Partnering with Oracle and Outside Investors
The administration of President Donald Trump is working on a plan to save TikTok by partnering with software company Oracle and a group of outside investors, according to National Public Radio (NPR). Under the proposed deal, ByteDance, the China-based owner of TikTok, would retain a minority stake in the company, but Oracle would take control of the app’s algorithm, data collection, and software updates.
According to NPR, the deal would see American investors own a majority stake in TikTok, with Oracle playing a key role in overseeing the app’s operations. ByteDance would retain some involvement, but Chinese ownership would be minimized.
Oracle has already provided the foundation of TikTok’s Web infrastructure, and the company is reportedly interested in a TikTok stake “in the tens of billions.” Other potential investors, including Microsoft, are also engaged in talks with the White House.
A meeting between Oracle and White House officials was held on Friday to discuss the proposed deal, with another meeting scheduled for next week. The Trump administration sees appeasing Congress as a key hurdle in making the deal a reality.
The goal of the deal is to give Oracle “effective oversight” of TikTok’s operations, according to a person directly involved in the talks. The terms of the deal are still being negotiated and could change, but the aim is to minimize Chinese ownership of the app.
