Headline
Trump Has Disclosed Conversations with Several Individuals Regarding TikTok's Potential Sale, Yet No Dialogue with Oracle Specifically
President Trump Plots TikTok Sales Negotiations, Dismisses Oracle Buyout Report
Introduction
President Donald Trump confirmed his administration will decide upon TikTok's fate within the following 90 days. The tech giant Oracle disputes Trump's denial of talks centering on the app's acquisition, offering an alternative take on the ongoing negotiations.
Loose Canon
Trump dismissed Oracle's potential involvement in the negotiations, disagreed with NPR's claims of discussions, and verified conversations with numerous parties regarding TikTok.
Reported Deal Structure
NPR claimed White House negotiations with Oracle and a group of investors envisioned TikTok's Chinese stakeholder Bytedance retaining a minority share while Oracle controlled major aspects such as algorithms, data collection, and updates. The arrangement sought to reduce Chinese ownership while providing central oversight to monitor TikTok activities.
Microsoft Seeks Involvement
Microsoft and Oracle both pursue stake in TikTok, making their presence as potential investors.
Big Figure
TikTok's Chinese owner ByteDance imagined the app's worth at a jaw-dropping $200 billion, according to one source.
Potential Buyers Variety
Various corporations express enthusiasm to acquire TikTok, including Perplexity AI and Project Liberty, along with suggestions of Tesla CEO Elon Musk and Activision Blizzard’s ex-CEO Bobby Kotick.
Unanswered Questions
Congressional approval casts doubt over the deal structure without specified terms. Additionally, concerns about ByteDance's control traceability persist. Chinese regulators also contribute to uncertainty by recently signaling approval before conflicting policy stances.
Enrichment Insights
Oracle's talks with the White House for TikTok acquisition are detailed, targeting various aspects such as algorithm control, data collection, and software updates. Microsoft also plays a significant role in the negotiations. A deal with a dominant U.S. stake holdingByteDance's minority share and appropriate oversight addresses national security concerns.
Sources
- "These Billionaires, Companies And Investors Could Buy TikTok—As Oracle Reportedly Weighs Deal With Trump" (Our Website)
- "TikTok Ban Live Updates: Trump Halts Ban For 75 Days—After CEO Attends Inauguration" (Our Website)
- "Supreme Court Upholds TikTok Ban—Here’s What To Know" (Our Website)
In response to President Trump's denial, Oracle continues to assert its involvement in TikTok negotiations, aiming to acquire major aspects of the app such as algorithms and data collection. Donald Trump, in his loose cannon statement, dismissed Oracle's potential buyout of TikTok despite verified conversations regarding the popular app.
