Oracle, Microsoft in talks to acquire TikTok’s global operations: Report

Oracle and a consortium of investors, including Microsoft, are said to be in talks to take over TikTok‘s global operations.

According to NPR, the White House is brokering these talks.

The deal, if finalized, would allow ByteDance to keep a minority stake in TikTok while handing over control of the app’s algorithm, data collection, and software updates to Oracle.