The Trump administration is reportedly working on a deal that would involve Oracle taking over TikTok alongside new U.S. investors, according to reports.
A bill passed last year required TikTok’s Chinese parent company, ByteDance, to either sell the app or face a U.S. ban. Although the app briefly went offline before the law’s implementation on January 20, then-President Trump announced an executive order to delay the ban.
Trump initially proposed a deal where TikTok would form a joint venture between existing and new owners, with the U.S. holding 50% ownership.
According to reports, Oracle is poised to take control of TikTok’s global operations, with ByteDance retaining a minority stake.
Although Trump had previously pushed for TikTok to sell during his first term, no deal materialized. TikTok later moved all U.S. traffic to Oracle servers.
At a press conference, Trump expressed openness to either Elon Musk or Oracle chairman Larry Ellison acquiring TikTok. However, some senators who backed the original bill requiring ByteDance to divest have raised concerns about the administration’s current plans.
