The White House is currently in talks with software company Oracle and other US investors to take over the global operations of the popular video-sharing app TikTok, according to two sources with direct knowledge of the negotiations, quoted by US’ National Public Radio (NPR).
The proposed arrangement would allow ByteDance, TikTok’s Chinese parent company, to maintain a minority position, whilst Oracle would supervise the app’s algorithm, data collection and…
TikTok ban averted? White House reportedly in talks for Oracle-led majority stake to reduce Chinese ownership – The Times of India
