Oracle, Microsoft reportedly planning to take over TikTok: Story in 5 points

Oracle and Microsoft are reportedly in advanced discussions to take over TikTok’s global operations. The potential deal, which is said to include high-level negotiations, could change the app’s ownership and governance. While ByteDance, TikTok’s parent company, may still retain some involvement, the talks hint at major changes in how the app might operate. The move is seen as a response to growing data security concerns and regulatory pressures in the US. Here is the full story in five…