According to a report by NPR Nevertheless, the Trump administration is working on a deal with Oracle and other investors to take over Tiktok in the US. Trump has denied any discussions with Oracle, but says he has “talked to a lot of people about Tiktok” and could make a decision next month, according to Reuters. Trump signed an executive order shortly after taking office on Monday Delays enforcement of Tiktok ban by 75 daysare giving the app’s parent company Bytedance more time to figure out a deal that will allow it to continue U.S. operations.
NPR, Citing sources “with direct knowledge of the discussions,” she originally reported that Oracle met with White House officials on Friday to discuss a deal in which Oracle and other American investors would have a majority stake in Tiktok and things like data collection would monitor. Microsoft was also involved in the discussions, so NPR. “The goal is for Oracle to effectively monitor and oversee what is going on with Tiktok,” an unnamed source agreed NPR. “Bytedance wouldn’t disappear completely, but it would minimize Chinese ownership.”
Asked about a potential deal with Oracle by reporters during a flight Saturday evening, Trump said, Per Reuters“No, not with Oracle. Numerous people are talking to me, very large people, about purchasing it and I will probably make that decision in the next 30 days. “
Before the ban took effect on January 19, Bytedance pushed back against the idea of selling TIKTOK to appease US lawmakers. But it changed its tune on Sunday after Trump stepped in to temporarily bring the app back online and issued a statement about Tiktoks X Report that the company will “work with President Trump on a long-term solution that keeps Tiktok in the United States.”
It came a few hours after Trump wrote during a Truth-Social post The short-lived Tiktok Blackout that he “wants the United States to have a 50% ownership position in a joint venture.” Nevertheless, his exact plan remains unclear. According to one of the sources who spoke to NPR“Nobody seems to know what they mean by the 50 percent equity comments.”
