Oracle and Microsoft are reportedly in talks with the White House to take over the China-based TikTok app, reported NPR.
The deal would allow ByteDance, which currently owns TikTok, to keep a minority stake in the social media app while Oracle will oversee the app’s algorithm, data collection, and software updates.
President Donald Trump on Monday directed the Justice Department to pause enforcement of the TikTok ban until early April, but a host of questions remain — including whether Trump has the authority to issue such an order and whether TikTok’s China-based parent would be amenable to selling the popular social media platform.
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