Report: White House in Negotiations for Oracle to Buy TikTok

The Trump administration is working on a plan to save TikTok involving enterprise software giant Oracle and a group of investors, NPR reports.

In the proposed deal, Oracle would acquire the majority of the company while TikTok’s current owner, China-based ByteDance, would retain a minority share. Oracle would handle things like collecting data on US users and the app’s algorithm as well as software updates.

Oracle execs met with White House staff on Friday, NPR says,…