U.S. President Donald Trump said that he was in talks with multiple people about buying the TikTok app and would likely make a decision on the popular app’s future in the next 30 days. During a flight to Florida, Trump told reporters on Air Force One, “I have spoken to many people about TikTok and there is a great interest in TikTok.”
According to reports, two people with information about discussions said the U.S. President’s administration is working on a plan to save TikTok that involves tapping software company Oracle and a group of outside investors to effectively take charge of the app’s operations.
Read more: Is Mr. Beast Buying TikTok?
As per one source who spoke to Reuters, under the deal being negotiated by the White House, TikTok’s China-based owner, ByteDance, would maintain a stake in the company. However, Oracle, which already supports TikTok’s web infrastructure, would take responsibility for overseeing data collection and software updates.
Meanwhile, in his comments to reporters on the flight, Trump said he had not spoken to Oracle’s Larry Ellison about buying the app. When asked if he was working on a deal with Oracle and other investors to save TikTok, Donald Trump bluntly responded, “No, not with Oracle. Numerous people are talking to me, very substantial people, about buying it and I will make that decision probably over the next 30 days. Congress has given 90 days. If we can save TikTok, I think it would be a good thing.”
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