Trump administration reportedly negotiating an Oracle takeover of TikTok

Deal Structure - The Trump administration is negotiating a deal where Oracle would take over TikTok alongside new US investors, with ByteDance retaining a minority stake [1][2] - Trump initially proposed a joint venture where the US would get 50% ownership of TikTok [2] Political and Legal Context - Lawmakers passed a bill last year forcing ByteDance to sell TikTok or face a US ban, which was delayed by an executive order from Trump [1] - Some senators who supported the ban-or-sell bill expressed confusion about Trump's plans and reiterated that the law requires ByteDance to fully divest [3] Potential Buyers - Trump mentioned being open to either Elon Musk or Oracle chairman Larry Ellison buying TikTok [3] - Oracle previously emerged as a potential buyer during Trump's first term, and TikTok later shifted all its US traffic to Oracle servers [3]