Oracle and Microsoft in talks to take over TikTok under Trump administration plan: Report | Mint

Donald Trump administration is working on a plan to save TikTok by tapping Oracle and a group of outside investors that includes Microsoft to take control of the short-video app, according to an NPR report citing sources. TikTok’s Chinese owner ByteDance is said to retain a minority stake in the company, but the reported deal could see the app’s algorithm, data collection and software updates controlled by Oracle.

A meeting between White House officials and Oracle executives is said to have…