· 1d · on MSN
Oracle and Microsoft are reportedly in talks to take over TikTok
· 2h · on MSN
Oracle, Microsoft in talks for TikTok global operations deal: Report
Will Oracle, Microsoft Save TikTok Under Donald Trump Plan? What We Know
Last week, President Donald Trump paused TikTok's nationwide ban in the U.S., after the Supreme Court ordered it be shut down due to national security concerns over its ties to the Chinese government. This could potentially enable Beijing to access user data and influence American users.
Elon Musk, real estate magnate Frank McCourt, and Shark Tank’s Kevin O’Leary are also interested in taking over TikTok, according to reports.
The plan to save TikTok involves software company Oracle and a group of outside investors effectively taking control of the app's global operations, two sources with
There are reports that the United States government is looking to bring in software firm Oracle and US investors to take over TikTok’s operations in America. Oracle would take over the app’s algorithm,
Numerous potential buyers, including PerplexityAI and the internet advocacy group, Project Liberty, have publicly stated their interest in the app.
TikTok and President Donald Trump are reportedly in talks with Microsoft and Oracle to buy the social media app.
According to a media report, the White House is negotiating a TikTok takeover by Oracle and other investors.
The Trump administration is working with Oracle and investors like Microsoft to save TikTok, allowing ByteDance to keep a minority stake. Meetings are ongoing to finalize the deal, with a potential $200 billion price tag and oversight by Oracle to reduce Chinese ownership.
The proposed deal, currently under discussion with the White House, could leave TikTok's parent company, ByteDance, with a minority stake in the app.
The Donald Trump administration is negotiating a deal with TikTok's China-based owner ByteDance. Both Oracle and Microsoft could be a part of the deal.
Oracle and a consortium of investors, including Microsoft, are said to be in talks to take over TikTok 's global operations. According to NPR, the White House is brokering these talks.
The S&P 500 closed at a fresh high on Thursday and etched a new intraday peak on Friday. But gold prices might be sending a warning.
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