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Still, Trump discussing the TikTok purchase with multiple people, decision will be made within 30 days

White House working on a plan for tapping Oracle, US investors to take over TikTok. According to sources, ByteDance will retain a stake and talks involve ByteDance’s US investors. U.S. President Donald Trump stated on Saturday he was talking with multiple people about buying TikTok and would like to make a decision on this popular application within 30 days.

Trump said during a flight to Florida

“I have spoken to many people about TikTok and there is great interest in TikTok,”.

Earlier in this day some reports said  Trump’s administration is working on a plan to save TikTok that involves tapping software company Oracle (ORCL.N), opening a new tab, and a group of outside investors to effectively take control of the app’s operations.

While dealing with the negotiation by the White House TikTok’s China-based owner  ByteDance, retains a stake in the company. Hence data collection and software updates would be overseen by Oracle. 

However, in his remarks for reporters on the flight. Trump also said he has spoken to Oracle’s Larry Ellison about buying the application. If he was putting together dealing with Oracle and other investors to save TikTok.

Trump said: “No, not with Oracle. Numerous people are talking to me, very substantial people, about buying it and I will make that decision probably over the next 30 days. Congress has given 90 days. If we can save TikTok, I think it would be a good thing.”

The sources did say the terms of the potential deal with Oracle were fluid. Also likely to change. One source said the full scope of the discussions was not yet set including the U.S. operations as well as other regions.

National Public Radio on Saturday said the deal talks for TikTok’s global operations. They cited two people with knowledge of the negotiations. Oracle had no immediate comment.

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Avijit Sah

Avijit Sah is a digital marketing expert specializing in SEO, social media, and content strategy. With a passion for helping businesses grow online, Avijit Sah uses data-driven tactics to boost visibility and engagement. Follow Avijit for the latest digital marketing tips and insights.

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