Following an NPR report that said the Trump administration was working on a deal with Oracle and other investors to take over TikTok in the U.S., Trump denied discussions with Oracle, but said he had “not much to say about TikTok.” “I spoke to the people.” According to Reuters, the decision will be made next month. Trump signed an executive order shortly after taking office on Monday, delaying enforcement of the TikTok ban for 75 days and giving the app’s parent company more time to figure out a deal that would allow it to continue operating in the United States.
NPR, citing a source “with direct knowledge of the discussions,” said Oracle met with White House officials on Friday and said Oracle and other American investors would take a majority stake in TikTok. , reported that they discussed deals that would oversee things like data collection. . According to NPR, Microsoft is also involved in the talks. “The goal is for Oracle to effectively monitor and monitor what’s happening on Tiktok,” an unnamed source told NPR. “Vitedans will not go away completely, but it will minimize Chinese ownership.”
But when asked about a potential deal with Oracle by a reporter during Air Force Flight 1 on Saturday night, Trump said, according to Reuters, “No, it’s not Oracle. A lot of people told me about buying it. You’re talking to me, and I’ll probably make that decision in the next 30 days.”
Before the ban went into effect on January 19th, I objected to the idea that we were selling Tiktok to appease our legislators. But after Trump briefly took the app back online, he changed that song on Sunday and issued a statement about TikTok’s X account saying the company was “keeping TikTok in the U.S.” We will work with President Trump on long-term solutions that will ”
Hours after Trump wrote in a truthful social post during the short-lived TikTok blackout, he said, “I want the US to have 50% ownership in the joint venture.” Still, his exact plans remain unclear. According to one of the sources who spoke with NPR, “no one seems to know what he means by the 50% stock comment.”
