Trump admin rumored to take over TikTok with Oracle, other US investors, ByteDance worth $200B+

President Trump and his administration rumored to be working on a plan to save TIkTok: acquire it from ByteDance with Oracle and other US investors.

Trump admin rumored to take over TikTok with Oracle, other US investors, ByteDance worth $200B+
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Gaming Editor
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TL;DR: The Trump administration is working on a plan involving Oracle and US investors to control TikTok's global operations, with ByteDance retaining a minority stake. Oracle will oversee TikTok's algorithm and data. Microsoft is among potential investors. TikTok's app remains unavailable on Apple and Google stores, affecting updates and downloads.

The Trump administration is reportedly hard at work on a plan to save TikTok, using Oracle and a group of US investors to take control of TikTok's global operations in a new exclusive report from NPR "according to two people with direct knowledge of the talks".

Trump admin rumored to take over TikTok with Oracle, other US investors, ByteDance worth $200B+ 503

President Trump and his administration are reportedly working on a new deal at the White House, with China-based owner ByteDance retaining a minority stake in the company, but TikTok's special sauce -- its algorithm -- data collection and software updates will be overseen by Oracle, which provides the foundation for TikTok's web infrastructure as it is.

NPR reports from a said who "person directly involved in the talks, who was not authorized to speak publicly about the deliberations" who said: "The goal is for Oracle to effectively monitor and provide oversight with what is going on with TikTok. ByteDance wouldn't completely go away, but it would minimize Chinese ownership".

Some of the potential US investors include OS and AI giant Microsoft, with a source involved in the discussions to acquire TikTok telling NPR that officials from Oracle and the White House held a meeting on Friday about the deal, while another meeting has been scheduled for next week, who said that Oracle is interested in a TikTok stake "in the tens of billions" but the rest of the deal is still not solid.

Another issue right now is while TikTok operations have been restored in the United States, Apple and Google haven't returned the TikTok app to their respective app stores. Without the support from Apple and Google, TikTok wouldn't get any more software updates, and it simply can't be downloaded onto Apple devices, or found on the Google Play Store.

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NEWS SOURCE:npr.org

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Anthony joined the TweakTown team in 2010 and has since reviewed 100s of graphics cards. Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering and has recently taken a keen interest in artificial intelligence (AI) hardware.

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