- NPR claims to have Intel on a new plan for Oracle to be part buyers in Tiktok
- The president denies any knowledge but congress staff are less tight lipped
- At the time of the press, Tiktok is still not available on Google and Apple’s app stores due to impending bans
Oracle could be next in line to take over the ownership of the Embated Social Media giant Tiktok from Bytedance if new reports are to believe.
An exclusive NPR, driven by correspondence with “two people with direct knowledge of the negotiations,” claims that a cloudy agreement involving the cloud storage titanium is in the early stages; Although complicated by President Trump’s own wishes for the United States itself to have a 50% equity share in the company, and “a group of external investors”, including Microsoft, also show interest.
The new considerations offer Tiktok a stay of execution after it was to be banned in the United States in case there is no plan for a sale to US buyers in place (a process known as qualified disposal), thanks to A law passed Congress in April 2024.
Oracle Tiktok Deal?
Given the speculation, it is not surprising that President Trump allegedly refused to comment on when asked about potential conversations allegedly held with Oracle Chief Larry Ellison about the deal, which means we ultimately do not just know so much About the plan – yet.
However, one of NPR’s sources at the moment claimed that the agreement would provide the US direct oversight of Tiktok as a platform, but that bytance “would not go away”.
Although the original deadline for a sale that was to happen before a ban was on January 19, 2025, the newly sitting president signed a executive order that delivered a 75-day extension-despite legal scholars.
Although Tiktok Service is still in operation in the US as a result of the order, Google and Apple have both delisted it from their respective mobile app stores, most likely to toe the line of the law.
A congressman who was involved in the negotiations said that “an important part [of the new deal winning approval despite passing a deadline] shows that there is no operational relationship with byte dancing […] There should be no back doors where China can potentially access. “
Dealers in the White House are reportedly under the impression that Tiktok could well be worth $ 200 billion USD, so maybe it’s not surprising that some powers want to keep the deal alive.
Plus, the Chinese resistance to Tikkok’s sales is believed to have relieved recently, as thoughts are aimed at it being used as a negotiating chip to relieve trading rates; An attitude that seems to make an agreement that undergoes so much more likely.
Oracle, meanwhile, has its own well -established interests in an agreement. In his annual report to Securities and Exchange Commission in 2024, it claimed that a Tikkok ban could hurt the skydigant’s business when Bytedance is a customer, and by June 2022 the US user data moved to Oracle servers after the first concerns were raised about Its data management practice on the territory.
This is not the first time tech giants like Microsoft and Oracle have been named part of potential offers that would transfer Tiktok to American ownership; In August 2020, both companies plus names such as Walmart, Google and Twitter were named part of a deal that could have transformed the app into a creator-oriented e-commerce platform.
