Oracle, TikTok and Microsoft
US President Donald Trump's administration is reportedly developing a plan to secure TikTok's future by tapping software company Oracle and outside investors to take charge of the app's global operations, according to a National Public Radio (NPR) report on Saturday (25 January).
The aim is to place oversight control in the hands of American software company Oracle and other investors. Under federal law, TikTok must split apart from China, or face a nationwide ban.
The plan calls for Oracle to oversee the app’s algorithm, data collection and software updates. Read more at straitstimes.com.
Potential buyers for TikTok US include MrBeast, Kevin O'Leary, Frank McCourt's Project Liberty and Perplexity AI, who bid a merger instead of a sale,
TikTok CEO Shou Zi Chew thanked Donald Trump for his commitment to "finding a solution" that keeps TikTok available in the U.S. after the ruling.
A looming ban on TikTok set to take effect on Sunday presents a multibillion-dollar headache for app store operators Apple and Google.
TikTok remained unavailable in Google and Apple app stores on Tuesday as President Trump’s executive order delaying enforcement on Congress’s sale-or-ban bill by 75 days fueled uncertainty about
The administration of U.S. President Donald Trump is working on a plan to save TikTok that involves tapping software company Oracle and a group of outside investors to effectively take control of the app's global operations,
Business Insider's scan of platforms like eBay and Facebook Marketplace showed hundreds of listings touting phones with TikTok and CapCut installed.
President Donald Trump had recently expressed his support in SpaceX and Tesla CEO Elon Musk or Oracle CEO Larry Ellison purchasing TikTok.
The Chinese owner of TikTok rolled out the new software targeting overseas Chinese coders after a reprieve from the Trump administration.