Oracle Corp is among a consortium of firms that would enable TikTok to continue operations in the US if a framework deal between the US and China is finalized, CBS News reported on Monday.
Reuters could not immediately confirm the report.
The precise structure of the deal was not clear, the report said, adding that the deal would include multiple companies.
Photo: Reuters
The White House, Oracle, TikTok and the Chinese embassy in Washington did not immediately respond to requests for comments outside regular business hours.
US and Chinese officials earlier on Monday said that they have reached a framework agreement to switch TikTok to US-controlled ownership that would be confirmed in a Friday call between US President Donald Trump and Chinese President Xi Jinping (習近平).
After a meeting with Chinese negotiators in Madrid, US Secretary of the Treasury Scott Bessent said a deadline for today that could have disrupted the popular social media app in the US encouraged Chinese negotiators to reach a potential deal.
He said that deadline could be extended by 90 days to allow the deal to be finalized, but declined to discuss any specifics.
A potential deal for TikTok involving Oracle could require approval by the Republican-controlled US Congress, which passed a law last year requiring divestiture due to fears that TikTok’s US user data could be accessed by the Chinese government, allowing Beijing to spy on Americans or conduct influence operations through the app.
The popular short video social media app has 170 million US users.
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