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.

The Information reported ByteDance sees Oracle as its preferred company to take over TikTok, but Politico notes it’s still unclear what Beijing will say about any final agreement.

It is also worth remembering that the law does not shutter TikTok; it can continue operating if ByteDance sells it. As ...

Chinese tech giant ByteDance has roughly two weeks to save its video app TikTok from a renewed US ban — and there are signs cloud computing giant Oracle may play a prominent role.

Trump signed an executive order shortly after taking office on Monday that delays the enforcement of the TikTok ban by 75 days, giving the app’s parent company ByteDance more time to figure out ...

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 ...

Even with the TikTok divest-or-ban law officially in effect since January, the app has only shut down service in the US for one day. Now, The Information reports that an agreement for a sale ...

Spokespeople for Oracle, TikTok, ByteDance and the White House did not immediately respond to requests for comment. The deal is being billed as a “Project Texas 2.0,” a nod to a previous agreement ...

Other potential investors who are engaged in the talks include Microsoft. Back in 2020, Trump gave his blessing to a TikTok takeover attempt involving Oracle and Walmart that eventually fell apart.

Oracle, which provides cloud services for TikTok, took Trump’s go-ahead to heart. It’s kept TikTok operational since the app briefly went offline over the weekend.

Through an executive order, President Donald Trump set an April 5 deadline for TikTok’s parent company ByteDance, which possesses strong ties to the Chinese Community Party, to divest from the ...

News National business Oracle, Apple, Google diverge on whether to keep serving TikTok Jan. 24, 2025 Updated Fri., Jan. 24, 2025 at 6:19 p.m. The TikTok logo on a smartphone arranged in the Queens ...