The clock is ticking for TikTok as former U.S. President Donald Trump reveals ongoing discussions with multiple parties regarding the popular video-sharing app’s future. A final decision is expected in the next 30 days, sparking widespread speculation.
Onboard Air Force One en route to Florida, Trump shared updates with reporters, stating, “I have spoken to many people about TikTok, and there is great interest.” The announcement comes as the White House reportedly works on a plan that could involve software giant Oracle and a consortium of U.S. investors taking control of TikTok’s operations.
A Complex Deal in the Works
The proposal being negotiated allows TikTok’s China-based owner, ByteDance, to retain partial ownership while granting Oracle responsibility for data security and software updates. According to insiders, this arrangement aims to address U.S. national security concerns. Oracle, already hosting TikTok’s U.S. user data, would ensure compliance and manage potential risks linked to Chinese government influence.
Notably, Trump clarified that he has not directly discussed the deal with Oracle founder Larry Ellison but confirmed ongoing talks with several “substantial” investors interested in acquiring TikTok. While Congress has allocated a 90-day window for the app’s future to be resolved, Trump expects to announce a decision sooner.
Potential Challenges and Competitors
Sources suggest that the deal remains fluid, with details such as regional operations and investor participation still being finalized. National Public Radio (NPR) reported Oracle’s interest in a multi-billion-dollar stake, but much of the negotiation process remains uncertain. Other contenders, including billionaire Frank McCourt and YouTube star Jimmy Donaldson (aka Mr. Beast), are reportedly not involved in the Oracle negotiations.
ByteDance’s U.S.-based investors, including Sequoia Capital, General Atlantic, and KKR, are also expected to play a role. However, the structure of the deal may face opposition from lawmakers and free speech advocates, who argue against TikTok’s forced sale. ByteDance has consistently defended its operations, highlighting its use of U.S.-based Oracle servers for data storage and localized decision-making on content moderation.
What’s at Stake for TikTok Users?
With 170 million American users, TikTok’s popularity makes it a critical player in the social media landscape. The app was temporarily banned earlier this month after national security concerns surfaced. Trump’s administration later delayed the enforcement of this ban to negotiate a viable solution.
Oracle’s involvement signals an attempt to secure TikTok’s future while protecting users’ data and privacy. However, experts warn that satisfying Congress and navigating political sensitivities will be significant hurdles.
The Bigger Picture
This high-stakes negotiation underscores the ongoing tensions between the U.S. and China over technology and data privacy. A successful deal could set a precedent for handling similar issues in the future, while failure might lead to TikTok’s permanent ban.
