Oracle, other investors are rumored to take over TikTok

The White House is reportedly negotiating a plan to secure TikTok’s future by involving Oracle and outside investors, according to NPR.

Under the proposed deal, Oracle would allegedly oversee the app’s data, algorithm and software updates, while its Chinese owner ByteDance would retain a minority stake.

Oracle already provides web infrastructure for the social media app.

US investors would own a majority share, but terms are still being finalized. Microsoft is also involved in talks.

Sources in the White House say ByteDance could get at least $200 billion from the sale.

Congressional approval remains a key challenge, which requires ByteDance to divest its ownership in TikTok.

Trump’s executive order granted a 75-day extension for the divestiture, though legal experts question its validity.

Despite previous setbacks, China signaled it might not block the sale. Apple and Google, however, have yet to re-list TikTok, leading to service disruptions.