TikTok's Future Secured: Oracle, Microsoft in Talks for Major US Stake
In an unexpected twist, TikTok's potential ban in the US may be sidestepped as the White House reportedly enters into discussions with tech giant Oracle and US investors, including Microsoft, to lock in a deal for majority control of TikTok's global operations. This move aims to reduce Chinese ownership and secure the app's presence in the American market. The structure retains ByteDance with a minority stake while giving Oracle control over data, algorithms, and essential updates. With Chinese regulators showing green lights to an American majority, TikTok's fans can breathe a sigh of relief... at least for now.
Jan 26