Oracle and Microsoft are reportedly in talks to take over TikTok
image via The Verge
January 25, 2025, 11:09 PM
- •Oracle and a group of investors that includes Microsoft are in talks to take over TikTok's global operations.
- •The deal would reportedly see ByteDance keeping a minority stake in TikTok while "the app's algorithm, data collection and software updates will be overseen by Oracle.
- •
- •President Trump has since denied he is working with Oracle on a deal.
Oracle and a group of investors that includes Microsoft are in talks to take over TikTok's global operations. The deal would reportedly see ByteDance keeping a minority stake in TikTok while "the app's algorithm, data collection and software updates will be overseen by Oracle." The outlet reports the White House is negotiating the deal, though President Trump has since denied he is working with Oracle.
Entities Mentioned
Larry EllisonBill GatesElon MuskFrank McCourtKevin O'LearyTrump
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