TikTok ban averted? White House reportedly in talks for Oracle-led majority stake to reduce Chinese ownership
The White House is negotiating with Oracle and other investors to acquire TikTok, allowing ByteDance to retain a minority stake while Oracle oversees the app's data and algorithms. Key concerns include eliminating potential Chinese access to data, and the negotiations address TikTok's operational independence from ByteDance.
The White House is negotiating with Oracle and other investors to acquire TikTok, allowing ByteDance to retain a minority stake while Oracle oversees the app's data and algorithms. Key concerns include eliminating potential Chinese access to data, and the negotiations address TikTok's operational independence from ByteDance.
