Oracle and investors that include Microsoft are in talks to take over TikTok in a deal being negotiated by the White House, reports NPR.
Oracle and a group of investors that includes Microsoft are in talks to take over TikTok’s global operations, reports NPR. The deal, which the White House is reportedly negotiating, would see ByteDance keeping a minority stake in TikTok while “the app’s algorithm, data collection and software updates will be overseen by Oracle.
” Microsoft’s reported involvement isn’t clear beyond that it is “engaged in the talks.” The company was also in the mix with Oracle and Walmart in a 2020 bid to take over TikTok that Microsoft co-founder Bill Gates had called “a poison chalice.” Walmart reportedly isn’t involved this time around “after balking at the estimated price” of the app.
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