After the report In which it says the Trump administration is working on a deal with Oracle and other investors to acquire TikTok in the US, Trump denies any talks with Oracle but says he has “talked to a lot of people about TikTok” and could make a decision next year . month, according to . Trump signed an executive order shortly after taking office on Monday that giving the app's parent company ByteDance more time to reach a deal that will allow it to continue operating in the US.
NPR, Citing sources with “direct knowledge of the negotiations,” it was initially reported that Oracle met with White House officials on Friday to discuss a deal in which Oracle and other U.S. investors would eventually take a majority stake in TikTok and control things like data collection. According to Microsoft, it also took part in the negotiations. NPR. “Oracle's goal is to effectively monitor and provide oversight of what's happening with TikTok,” the unnamed source said. NPR. “ByteDance won’t disappear completely, but it will minimize Chinese involvement.”
However, when reporters asked him about a potential deal with Oracle on Air Force One on Saturday night, Trump said, according to Reuters“No, not with Oracle. “A lot of people, very reputable people, are talking to me about buying it, and I'll make that decision probably within the next 30 days.”
Before the ban took effect on January 19, ByteDance opposed the idea of selling TikTok to appease US lawmakers. But it reversed its position on Sunday after Trump intervened and temporarily brought the app back online with a statement on TikTok. The account says the company “will work with President Trump on a long-term solution that keeps TikTok in the United States.”
This came hours after Trump wrote in a Truth Social post during that he “would like the United States to own 50% of the joint venture.” However, his exact plan remains unclear. According to one of the sources who spoke with NPR“No one seems to understand what he means by a 50 percent share.”