Oracle, Microsoft Discuss Potential TikTok Stake to Oversee U.S. Operations

Benzinga

NPR reported that Oracle, along with other American investors, has proposed taking a majority stake in TikTok to oversee operations and data collection in the U.S. According to sources, Oracle met with White House officials to discuss the deal. At the same time, Microsoft has also been involved in the talks. Despite these reports, Trump denied any direct negotiations with Oracle, stating he had spoken to many people about TikTok and would decide on the matter within a month.

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00:00It's Benzinga bringing Wall Street to Main Street.

00:02NPR reported that Oracle, along with other American investors,

00:05has proposed taking a majority stake in TikTok to oversee operations

00:09and data collection in the US.

00:11According to sources, Oracle met with the White House officials to discuss the deal,

00:15while Microsoft also has been involved in talks.

00:18Despite these reports, Trump denied any direct negotiations with Oracle,

00:22stating he had spoken to many people about TikTok

00:25and would decide on the matter within a month.

00:27For all things money, visit Benzinga.com slash GSTV.

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