Speculation mounts after President Trump signed an executive order to extend the deadline for a sale to American buyers.
In fact, TikTok has become such a major customer of Oracle's, that the latter said a ban on the former would hurt its business. Other U.S. investors are also involved in the TikTok takeover talks.
The Trump administration is negotiating a deal that would see Oracle take over TikTok alongside new U.S. investors, according to a report by NPR.
As of now, the Chinese-based TikTok app remains unavailable in the United States App Store on iPhone, as the company failed to sell itself to a US owner, before last week’s ban came into effect.
TikTok's fate remains uncertain as Apple, Google, and Oracle have differing approaches due to their interests. Trump's ...
The divest-or-ban law signed ... is stored on Oracle Cloud. TikTok, Oracle, Apple, Google, and additional service provider Akamai Technologies did not immediately respond to Business Insider's ...
The administration of U.S. President Donald Trump is working on a plan to save TikTok that involves tapping software company Oracle ... have opposed TikTok’s ban under a law passed by ...
President Donald Trump has pushed back the TikTok ban by 75 days. Now, he’s floated the idea that either Elon Musk or Oracle head Larry Ellison could be potential buyers for the video platform.
The White House is negotiating with Oracle and other investors to acquire TikTok, allowing ByteDance to retain a minority stake while Oracle oversees the app's data and algorithms. Key concerns ...