Report: White House in talks to have Oracle, investors take over TikTok | Honolulu Star-Advertiser

WASHINGTON >> The Trump administration is working on a plan to save TikTok that involves tapping software company Oracle and a group of outside investors to effectively take control of the app’s global operations, National Public Radio reported today.

Under the deal being negotiated by the White House, TikTok’s China-based owner, ByteDance, would retain a minority stake in the company, but the app’s algorithm, data collection and software updates would…