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White House Pushes TikTok Deal as Oracle Emerges as Leading Buyer

Vice President JD Vance leads negotiations for a U.S.-based TikTok ownership deal ahead of the April 5 deadline to address national security concerns.

TikTok CEO Shou Zi Chew and Director of National Intelligence (DNI) Tulsi Gabbard applaud on the day of the Presidential Inauguration of Donald Trump at the Rotunda of the U.S. Capitol in Washington, U.S., January 20, 2025. REUTERS/Kevin Lamarque/Pool/File Photo
A woman poses with her smartphone displaying the @realdonaldtrump TikTok page, in Washington, U.S. January 19, 2025. REUTERS/Shannon Stapleton/File Photo
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Overview

  • Oracle is in advanced discussions with the White House to oversee TikTok's U.S. operations under a proposed deal known as 'Project Texas 2.0.'
  • Vice President JD Vance has expressed confidence that a high-level agreement will be reached by the April 5 deadline, though final paperwork may extend beyond that date.
  • Concerns persist over ByteDance's potential ongoing influence and the role of TikTok's algorithm, which is a key component of the platform's value.
  • TikTok's Chinese parent company, ByteDance, has not confirmed its willingness to sell, while the Chinese government holds authority over the app's divestment decisions.
  • TikTok has launched an ad campaign in Washington, D.C., to advocate for retaining its current ownership structure despite U.S. government pressure.