Oracle and Microsoft are negotiating a TikTok takeover, ByteDance could retain a minority stake

Rumor mill: New reports have revealed more details about the Trump administration’s plans to save TikTok. However, the situation is fluid, as multiple stakeholders scramble to resolve national security concerns while preserving TikTok’s operations in the US.

The plan to save TikTok involves software company Oracle and a group of outside investors effectively taking control of the app’s global operations, two sources with direct knowledge of the negotiations told NPR.

Under the…