White House in talks to have Oracle, U.S. investors take over TikTok

The administration of U.S. President Donald Trump is working on a plan to save TikTok that involves tapping software company Oracle and a group of outside investors to effectively take control of the app’s operations, according to two people with knowledge of the discussions.

Under the deal being negotiated by the White House, TikTok’s China-based owner, ByteDance, would retain a stake in the company,…