After a report from NPR That said, the Trump administration is working on a deal with Oracle and other investors to take over TikTok in the US. Trump has denied any talks with Oracle, but says he has “spoken to a lot of people about TikTok” and that You can make a decision in the next few months, depending on Reuters. Trump signed an executive order shortly after taking office on Monday that delays enforcement of the TikTok ban by 75 days, giving the app's parent company, ByteDance, more time to reach a deal that would allow it to continue its operations in the United States.
NPR, Citing sources “with direct knowledge of the talks,” it originally reported that Oracle met with White House officials on Friday to discuss a deal in which Oracle and other U.S. investors would end up with a majority stake in TikTok and oversee things like the collection of data. Microsoft has also been involved in the talks, according to NPR. “The goal is for Oracle to effectively monitor and monitor what happens with TikTok,” an anonymous source said. NPR. “ByteDance wouldn't disappear completely, but it would minimize Chinese ownership.”
However, when asked by reporters about a possible deal with Oracle during an Air Force One flight Saturday night, Trump said, according to Reuters“No, not with Oracle. “A lot of people are talking to me, very important people, about buying it and I will probably make that decision in the next 30 days.”
Before the ban went into effect on January 19, ByteDance rejected the idea of selling TikTok to appease US lawmakers. But he changed his tune on Sunday after Trump intervened to temporarily bring the app back online, issuing a statement on TikTok. <a target="_blank" data-i13n="cpos:4;pos:1" href="https://x.com/TikTokPolicy/status/1881030712188346459″ rel=”nofollow noopener” target=”_blank” data-ylk=”slk:x;cpos:4;pos:1;elm:context_link;itc:0;sec:content-canvas” class=”link “>unknown account that says 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 in a Truth Social post during TikTok's brief blackout that he would “like to see the United States take a 50/50 stake in a joint venture.” Still, his exact plan remains unclear. According to one of the sources who spoke with NPR“No one seems to know what you mean by the 50 percent equity comments.”