Microsoft is also believed to be considering an investment. Officials from Oracle and the White House held a meeting on Friday about a potential deal, NPR reports, with another meeting set for next ...
The White House and Oracle had no immediate comment. The deal being negotiated anticipates participation from ByteDance’s current U.S. investors, according to the sources. Jeff Yass’s ...
The Trump administration is working on a plan to save TikTok involving enterprise software giant Oracle and a group of investors, NPR reports. In the proposed deal, Oracle would acquire the ...
Under a deal being negotiated by the White House, the app's algorithm, data collection and software updates will be overseen by Oracle. (Damian Dovarganes/AP) The Trump administration is working on a ...
No deal is close to being finalized, yet, though. NPR is reporting that the White House is directly involved in talks that would see Oracle and a group of outside investors take control of TikTok.
Officials from Oracle and the White House held a meeting on Friday about a potential deal, and another meeting has been scheduled for next week, according to the source involved in the discussions ...
TikTok and Oracle (NYSE:ORCL) did not immediately respond to requests for comment from Seeking Alpha. The White House could not be immediately reached.
Under the deal being negotiated by the White House, TikTok's China-based owner, ByteDance, would retain a minority stake in the company, but the app's algorithm, data collection and software updates ...