TikTok has less than 75 daysbefore facing another ban after President Donald Trump signed an executive order granting the viral video app an extension to find a buyer.
With the clock ticking,bell hooks eros eroticism cultural studies the Trump administration is facilitating talks between potential U.S. buyers and TikTok's China-based parent company, ByteDance.
According to a new reportfrom NPR, the current deal in the works features the business-oriented software company Oracle taking over and overseeing "the app’s algorithm, data collection and software updates." Other U.S. investors, such as Microsoft, are also involved in the acquisition process, according to a source close to the discussions.
However, ByteDance wouldn't be completely out of the picture. The current deal in the works would allow the company to hold a minority stake in TikTok.
President Trump has since denied the report, saying that "numerous people are talking to me, very substantial people, about buying it" and that he will make his decision within the next 30 days.
Obviously, things could change at this point, but Trump has previously shared his preferences for an Oracle takeover of TikTok.
The latest TikTok deal talks come just one week after TikTok went darkafter being removed from Apple and Google's mobile app stores. The removal came in response to a law, passed by a bipartisan Congress and signed into law by then-president Joe Biden, requiring that TikTok cut ties with its China-based owner over national security concerns pertaining to China's government.
Trump, who previously spearheaded the original plan for the U.S. government to ban TikTok, had a sudden change of heart this time around. Citing his own usage of the platform in his successful 2024 election campaign, Trump vowed to make a deal to "save" TikTok. Shortly after his inauguration, Trump signed an executive ordergranting TikTok a 75-day extension.
With a nod to Trump, TikTok has since restored its service for U.S. users. However, Apple and Google have yet to restore the app on app stores due to potential fines they can receive as a result of the TikTok ban law. TikTok cannot push updates or fixes for the app to U.S. users as a result of the removal. Users who want to reinstall the TikTok app or install it on a new device are currently unable to do so.
Oracle is no stranger to these TikTok takeover talks.
The software company was originally floated as the lead buyer for TikTok during Trump's last presidency when he required that ByteDance sell off the app. While an acquisition deal never went through, a result of the talks saw Oracle partnering with TikTok to provide cloud services for its U.S. data.
In fact, TikTok has become such a major customer of Oracle's, that the latter said a ban on the former would hurt its business. Other U.S. investors are also involved in the TikTok takeover talks.
Microsoft, which was one of the leading interested parties alongside Oracle last time around, is said to be one of those companies. One major party that was involved in talks last time around that is missing from this round of discussions is Walmart. The big box retailer is said to be sitting out of this one due to TikTok's estimated asking price.
While these talks can change, it does appear that Oracle is at least President Trump's preference for taking over TikTok. A few days ago, Trump was askedby a reporter if he was open to Elon Musk buying TikTok.
While Trump said he was fine with that arrangement, he offered up his own suggestion for a buyer.
“I’d like Larry to buy it, too," Trump said, referring to Oracle's billionaire founder Larry Ellison.
It looks like we'll know more about TikTok's future sometime in the next 30 days.
Topics Microsoft TikTok Donald Trump
Hugh Jackman and Patrick Stewart know why Magneto isn't in 'Logan'Pence's real crime is that he still uses an AOL email account'Destiny 2' will not carry over your character progress from 'Destiny'Philippine president's daughter gives birth and everyone joked about the poor kid's nameRemy Ma released another Nicki Minaj diss track, furthering their glorious feudHigh school basketball team loses game in worst way possibleBanksy has opened a hotel in the West Bank and just look at the picturesHere's what happens when you tell Tinder matches your dad just diedThis Russian embassy is attacking western media with a random J.K. Rowling quoteThere's going to be a TrumpGigi and Bella Hadid share a sisterly nod after running into ex The Weeknd'Crazy ExMoon missions continue Jeff Bezos and Elon Musk's rocketThere's not a single red pixel in this photo of strawberries'Destiny 2' will not carry over your character progress from 'Destiny'Tinder bans racist, sexist bro for life on National Pig DayPence's real crime is that he still uses an AOL email accountWomen are 'weaker, less intelligent' says Polish politician during pay gap debateHigh school basketball team loses game in worst way possibleSarcastic kid has the most cynical joke about what will happen when she turns 100 Angry neighbor writes a savage letter following a horrible party When these two NBA coaches speak out against Trump, you should listen This may be the most gloriously brutal J.K. Rowling burn of all time Winona Ryder experienced every human emotion on stage at the SAGs Jessica Williams and Salma Hayek had a tense conversation about race at Sundance All 13 times the stars at the SAG Awards threw shade at Donald Trump Come see the beautiful makeup that people are applying to their thighs for some reason Azealia Banks Instagrammed Rihanna's phone number because she's the worst Kit Kat sushi is all of our cravings wrapped into one, for better or worse The Trump Muslim Ban could have doomed Apple Multiple CNN accounts on Facebook hacked by OurMine This space agency is planning to launch 104 satellites in one go Screen Actors Guild Awards 2017: Winners list Comedian creates commercials for Obamacare registration since Trump pulled the ads Barbie saves a planet in new comic series, may save ours Twitter reacts with anger as tech CEOs offer to reach out to Trump over immigration ban Dropbox's new feature puts cloud files on your desktop Apple is finally fixing one of the Apple Watch's most annoying problems Sequins and dragons take over as the world celebrates Chinese New Year Bryan Cranston will reprise Howard Beale in timely stage production of 'Network'
3.0826s , 10194.953125 kb
Copyright © 2025 Powered by 【bell hooks eros eroticism cultural studies】,Pursuit Information Network