Oracle, TikTok and White House
· 8h · on MSN
White House in talks to have Oracle and US investors take over TikTok, NPR reports
White House Discusses Oracle-Led Takeover of TikTok
The White House may let TikTok stay in America by allowing Oracle and a group of investors that could include Microsoft to assume control of the app, NPR reports. While Oracle and the investors would “effectively take control of the app’s global operations,
· 4h · on MSN
Trump’s White House in talks to have Oracle, US investors take over TikTok
TikTok said it will be forced to go dark on January 19, the day the ban is set to take effect, without more assurances it won't be enforced.
There were 36 hours of mad frenzy as TikTok executives and lawyers sought and failed to get a last-minute reprieve from Biden — and then landed one from Trump.
7don MSN
Social media platform TikTok said it will be "forced to go dark" on Sunday unless the White House gives a "definitive" statement about its future, the company said in an announcement Friday night.
The White House on Saturday called TikTok’s statement warning that it will “go dark” on Sunday unless President Biden steps in a “stunt,” arguing the app doesn’t have to take action before President-elect Trump is sworn in.
The White House said on Friday that Tiktok should remain available to Americans but the timing of the Supreme Court ruling on a law banning the app means it must fall to the Trump administration.
After the sedate Joe Biden years, the return of a presidency that is an incessant assault on the senses is a reminder of why so many millions of Americans see Trump as a compelling, historic figure – and why millions more deeply fear him.
President Biden made a decision on whether or not to ban TikTok — a measure set to take effect the day before he leaves office, according to a US official.
Under the deal, ByteDance would retain a stake in the company, but data collection and software updates would be overseen by Oracle.
ABOARD AIR FORCE ONE: US President Donald Trump said on Saturday he was in talks with multiple people over buying TikTok and would likely have a decision on the popular app’s future in the next 30 days.
The former Fox News host and military veteran was confirmed after a 50-50 vote, with Vice President JD Vance casting the tiebreaking vote as Senate president.
The Trump administration is working with Oracle and investors like Microsoft to save TikTok, allowing ByteDance to keep a minority stake. Meetings are ongoing to finalize the deal, with a potential $200 billion price tag and oversight by Oracle to reduce Chinese ownership.
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