BREAKING: The Trump administration is negotiating a deal that would see Oracle, $ORCL, take over TikTok alongside new U.S. investors, per NPR
— unusual_whales (@unusual_whales) January 25, 2025
The Trump administration is currently negotiating a deal that would allow Oracle, along with new U.S. investors, to take over TikTok. This move comes after lawmakers passed a bill last year requiring ByteDance, TikTok’s Chinese parent company, to either sell the app or face a ban in the U.S. The proposed deal would see Oracle managing TikTok’s global operations while ByteDance retains a minority stake.