Big news in the tech world: Oracle might soon be running TikTok! According to recent reports, the Trump administration is working on a deal that would hand over TikTok’s global operations to Oracle, with its Chinese parent company, ByteDance, keeping a smaller share.
This move comes after U.S. lawmakers passed a bill last year demanding ByteDance either sell TikTok or face a ban in the country. The app briefly went offline earlier this month, but former President Donald Trump stepped in, delaying the ban with an executive order.
Trump has been vocal about his vision for TikTok’s future, suggesting a joint venture where U.S. investors would hold a 50% stake. Now, it seems Oracle is stepping up as the leading candidate to take the reins.
This isn’t the first time Oracle has been in the mix. During Trump’s first term, the tech giant was considered a potential buyer, though the deal never materialized. However, TikTok did shift its U.S. data to Oracle servers, signaling a growing partnership.
At a recent press conference, Trump mentioned he’d be open to either Oracle’s Larry Ellison or Elon Musk taking over the app. Meanwhile, some lawmakers are scratching their heads, pointing out that the original bill requires ByteDance to fully divest from TikTok.
What’s next for TikTok? Stay tuned as this high-stakes tech drama unfolds!