White House Seeks Oracle's Help to Save TikTok from US Ban

To prevent a nationwide ban, the White House is negotiating with Oracle and other investors to transfer control of TikTok's algorithm, data collection, and software updates to American companies. While ByteDance, TikTok's Chinese owner, would retain a minority stake, US investors would hold a majority. This aims to comply with US law mandating TikTok's separation from its Chinese parent company. However, the deal faces hurdles, including TikTok's high valuation and securing congressional approval. Recent signals from Chinese regulators suggest they won't block a majority US ownership, but uncertainties remain about the long-term commitment of the Trump administration and the cooperation of Apple and Google.