WASHINGTON (Reuters) – U.S. President Donald Trump's administration is working on a plan to rescue Tiktok that includes tapping software company Oracle (NYSE:) and a group of outside investors to effectively control the app's global operations. on saturday.
Under the deal being negotiated by the White House, TikhTok's owner in China, Bidance, will retain a minority stake in the company, but Oracle will oversee the application, which already provides the foundation of TikhTok's web infrastructure, NPR reported.
The NPR report cited two people with knowledge of the conversations.
