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Trump Administration Negotiates $200 Billion Oracle-Led Takeover of TikTok; Decision Expected in 30 Days
Jan 26, 2025, 06:05 AM
The Trump administration is negotiating a deal for Oracle and a group of U.S. investors, possibly including Microsoft, to take over TikTok's global operations. Under the proposed plan, TikTok's China-based owner ByteDance would retain a minority stake, while Oracle would oversee the app's algorithm, data collection, and software updates to ensure data security. ByteDance values TikTok at over $200 billion. President Donald Trump confirmed that he is in discussions with multiple parties about the purchase of TikTok and expects a decision within 30 days.
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