Oracle and Microsoft in Talks to Acquire TikTok, ByteDance May Retain Minority Stake
Negotiations are underway involving Oracle, Microsoft, and TikTok’s parent company, ByteDance, as efforts continue to address national security concerns while preserving TikTok’s U.S. operations. Sources close to the discussions revealed that the proposed deal could see ByteDance retain a minority stake in the company, with Oracle playing a key oversight role. Under the proposed arrangement,…