Trump Admin Eyes Oracle's TikTok Takeover

• The Trump administration is in negotiations for Oracle to take over TikTok with new U.S. investors, per NPR.
• Lawmakers had earlier passed a bill forcing ByteDance to sell TikTok or face a U.S. ban; Trump delayed the ban via executive order.
• The deal may see Oracle control global operations while ByteDance retains a minority stake, despite some senators' confusion over full divestment requirements.

Source: TechCrunch