Oracle already provides the foundation for TikTok’s web infrastructure.
Chinese regulators, who have historically opposed selling TikTok, recently indicated they mightnot obstructan ownership change.
Also see:Is MrBeast planning a TikTok takeover?
“ByteDance wouldn’t completely go away, but it would minimize Chinese ownership.”
Microsoft is reportedly among other potential investors engaged in the discussions.
The negotiations face several other challenges as well, including appeasing Congress and addressing national security concerns.
“There needs to be no backdoors where China can potentially gain access,” the staffer said.
The Biden administration subsequently supported a congressional effort to force ByteDance to sell TikTok or face a nationwide ban.
