The Blubber

The Trump administration is negotiating a deal that would see Oracle, ORCL, take over TikTok alongside new US investors

Trump Delays TikTok Ban, Pushes for Oracle-Led U.S. Takeover

Oracle is reportedly set to take control of TikTok’s global operations alongside new U.S. investors, while Chinese parent company ByteDance would retain a minority stake, according to NPR.

Last year, lawmakers passed a bill requiring ByteDance to either sell TikTok or face a U.S. ban. The app briefly went dark before the law took effect on January 20—until President Donald Trump announced he would issue an executive order delaying the ban.

At the time, Trump outlined his vision for a potential deal to save TikTok, proposing:

“A joint venture between the current owners and/or new owners whereby the U.S. gets a 50% ownership.”

Oracle Takes the Lead in TikTok Deal

NPR reports that discussions are now moving toward a deal where Oracle would take over TikTok’s global operations, while ByteDance maintains a minority stake.

This is not the first time Trump has pushed for TikTok’s sale. During his first term, he attempted to force ByteDance to sell, with Oracle emerging as a potential buyer. Although that deal never materialized, TikTok later shifted all U.S. traffic to Oracle servers in an effort to ease security concerns.

At a press conference on Tuesday, Trump said he would be open to either Elon Musk (X owner) or Oracle chairman Larry Ellison buying the app.

Senators Question Trump’s Plans

Meanwhile, some senators who backed the ban-or-sell legislation have expressed confusion over Trump’s stance. They argue that the law explicitly requires ByteDance to fully divest, raising questions about whether the proposed deal would comply with the legal mandate.