According to reports, it looks like the White House will be supporting the partnership between Oracle and ByteDance, TikTok’s parent company to allow the video app to remain operational in the US.
It seemed that Microsoft was going to be the one to spearhead TikTok, but after things went south between those two companies, Oracle was able to salvage the situation with a partnership between them and the Chinese company.
According to CNBC:
“Approval of Oracle’s deal to become a “trusted technology provider” for ByteDance’s TikTok will be announced on Tuesday afternoon. Oracle confirmed Monday that it had struck a deal with the popular video-sharing app’s Chinese parent company.”
Despite this partnership, Oracle’s deal to become a “trusted technology provider” isn’t what the US president was originally aiming for, as the original idea was a full acquisition of TikTok. Although this is better than nothing, the current deal can still be considered tricky regarding gaining support from US officials.
For more details, take a look at CNBC’s report here.