TikTok's U.S. Sale Nears as Oracle Emerges as Leading Bidder

The White House is playing a central role in negotiations to transfer TikTok's U.S. operations to American ownership before an April 5 deadline.

President Donald Trump and Vice President JD Vance are directly overseeing the sale of TikTok's U.S. operations, an unusual level of government involvement in a private transaction.
Oracle is reportedly the leading contender to acquire TikTok's U.S. business, continuing its existing relationship of hosting American user data on U.S.-based servers.
Concerns over national security and potential Chinese influence remain central to the negotiations, with ByteDance's future role in TikTok's operations still under discussion.
The sale process has attracted multiple bidders, including Oracle, startup Perplexity AI, and a consortium involving Frank McCourt, Alexis Ohanian, and Kevin O’Leary.
The deadline for the deal is April 5, but President Trump has indicated a willingness to extend it if necessary to finalize terms that address security concerns.