Could Oracle be about to take over TikTok? Trump reportedly backs plans for shock deal

Date:
Mon, 27 Jan 2025 21:15:30 +0000

Description:
Speculation mounts after President Trump signed an executive order to extend the deadline for a sale to American buyers.

FULL STORY ======================================================================
- NPR claim to have intel on a new plan for Oracle to be part-buyers in
TikTok
- The President is denying any knowledge, but Congressional staffers are less tight-lipped
- At press time, TikTok is still unavailable on Google and Apple's
app stores due to imminent ban

Oracle could be next in line to take over ownership of embattled social media giant TikTok from ByteDance, if new reports are to be believed.

An NPR exclusive , fuelled by correspondence with two people with direct knowledge of the talks, claims that a murky deal involving the cloud storage titan is in the early stages; albeit complicated by President Trumps own desires for the US itself to have a 50% equity stake in the company, and a group of outside investors, including Microsoft, also showing interest.

The new deliberations offer TikTok a stay of execution after it was supposed
to have been banned in the US in the event of no plan for a sale to American buyers being in place (a process known as qualified divestiture), thanks to a law passed by Congress in April 2024 .

Oracle TikTok deal?

Given the speculation, its no surprise President Trump reportedly refused to comment when asked about prospective talks supposedly held with Oracle chief Larry Ellison about the deal, meaning ultimately, we just dont know all that much about the plan - yet.

One of NPRs sources, however, did claim, at present, the deal would give the
US direct oversight over TikTok as a platform, but that ByteDance wouldnt completely go away.

Though the original deadline for a sale to occur before a ban was January 19, 2025, the newly-sitting President signed an executive order that provided a 75-day extension - despite the contention of legal scholars.

Though TikTok service is still operational in the US as a result of the
order, Google and Apple have both delisted it from their respective mobile
app stores, most likely to toe the line of the law.

A Congressional staffer involved in the talks said that "a key part [of the
new deal winning approval despite passing a deadline] is showing there is no operational relationship with ByteDance [...] there needs to be no backdoors where China can potentially gain access."

White House negotiators are reportedly under the impression that TikTok could well be worth $200 billion USD, so perhaps its no surprise that certain
forces want to keep the deal alive.

Plus, Chinese opposition to TikToks sale is thought to have eased recently as thoughts turn to it being used as a bargaining chip to relieve trade tariffs;
a stance that would appear to make a deal going through that much more
likely.

Oracle, meanwhile, has its own well-established interests in a deal. In its annual report to the Securities and Exchange Commission in 2024, it claimed a TikTok ban could hurt the cloud giant's business , as ByteDance is a customer and, in June 2022, moved its US user data to Oracle servers after initial concerns were raised about its data-handling practices in the territory.

This isnt the first time tech giants such as Microsoft and Oracle have been named as part of prospective deals that would transfer TikTok to American ownership; in August 2020, both companies, plus such names as Walmart, Google and Twitter were named as part of a deal that could have turned the app into
a creator-oriented ecommerce platform .

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Link to news story: https://www.techradar.com/pro/security/could-oracle-be-about-to-take-over-tikt ok-trump-reportedly-backs-plans-for-shock-deal

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Could Oracle be about to take over TikTok? Trump reportedly backs plans for shock deal

If it's true, this will be the 2nd time that Trump backs a move by Oracle. They are one of the 3 amigos in the Stargate/AI project.

I'm not a fan of Oracle. It annoys me that Trump trusts them so much. They're a part of Microsoft. (Does Trump also trust the intentional mutation of malaria-carrying mosquitos?)

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If it's true, this will be the 2nd time that Trump backs a move by Oracle. The
are one of the 3 amigos in the Stargate/AI project.

It's all about the Benjamins. If they donated to his campaign, he's going
to pay them back somehow.

He also claimed earlier this week on Truth to have sent the military into California to turn a source of water back on. His ardent supporters ate it
up. Thing is, the military was not sent in, and the water system in
question was a federal source that had been taken offline for maintenance.
Per an article in the Sacremento Bee, it was turned back on after 3 days when the maintenance window was over.

I'm not a fan of Oracle. It annoys me that Trump trusts them so much. They're part of Microsoft. (Does Trump also trust the intentional mutation of malaria-carrying mosquitos?)

Oracle has used some questionable business practices over the years, like killing Open Solaris and ceasing to support Open Office after taking over Sun. Luckily other projects, like LibreOffice, continued developing the code.


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If it's true, this will be the 2nd time that Trump backs a move by Oracl The
are one of the 3 amigos in the Stargate/AI project.

It's all about the Benjamins. If they donated to his campaign, he's
going to pay them back somehow.

Even if Oracle or Meta donated to Trump's campaign, does that mean he owes them something? I don't see it that way.

Trump was quite repetitive about his goals and about his plans. But I don't remember him saying anything about AI, or about TikTok. That crazy stuff came along after election day.

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Aaron Thomas wrote to Mike Powell <=-

Even if Oracle or Meta donated to Trump's campaign, does that mean he
owes them something? I don't see it that way.

That's the difference between a gov't official who earned his wealth and one that merely received his wealth.

For Trump, he doesn't care about campaign donation money. He has plenty and can make more.

For the swamp critters, they never have enough because they are completely unable to make more. So they will grab as much as they can while they can.


... You will become rich and famous unless you don't.
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It's all about the Benjamins. If they donated to his campaign, he's going to pay them back somehow.

Even if Oracle or Meta donated to Trump's campaign, does that mean he owes the
something? I don't see it that way.

It *shouldn't* mean they owe him something, but politicians who take money
from large donors are often expected to do something in return. Oracle and Meta, at the very least, are not likely to donate to a campaign for a
candidate they believe won't listen to them and/or might pass needed legislation that harms their businesses.

Trump was quite repetitive about his goals and about his plans. But I don't remember him saying anything about AI, or about TikTok. That crazy stuff came along after election day.

That is when the requests from donors will start coming in.


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Even if Oracle or Meta donated to Trump's campaign, does that mean he owes them something? I don't see it that way.

That's the difference between a gov't official who earned his wealth and one that merely received his wealth.

Exactly. And these bozos didn't donate to his campaign, but they waited until after he won the election and donated a few million (which is like nothing to them) to his inaugural fund.

It seems like they are the ones who felt like they owed something to him.

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Even if Oracle or Meta donated to Trump's campaign, does that mean he ow the
something? I don't see it that way.

It *shouldn't* mean they owe him something, but politicians who take
money from large donors are often expected to do something in return. Oracle and Meta, at the very least, are not likely to donate to a
campaign for a candidate they believe won't listen to them and/or might pass needed legislation that harms their businesses.

Based on what I've read, Zuck donated to Trump's inaugural fund but not to his campaign. Unless something is missing from this picture, Zuck is only sucking up to Trump because Trump won. A few million dollars for a guy who owns a mansion with an underground bunker in Hawaii, is nothing.

Trump was quite repetitive about his goals and about his plans. But I do remember him saying anything about AI, or about TikTok. That crazy stuff along after election day.

That is when the requests from donors will start coming in.

From a broad view, it looks like Trump is rewarding some elitists who donated some money to him, but his endorsement of a project doesn't seem like a problem to me.

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Aaron Thomas wrote to Dr. What <=-

Exactly. And these bozos didn't donate to his campaign, but they waited until after he won the election and donated a few million (which is
like nothing to them) to his inaugural fund.

It seems like they are the ones who felt like they owed something to
him.

It's sort of like them telling Trump "Here's some money. Please don't sic the lawfare on it like we did to you."


... "A newspaper is a collection of half-injustices"
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It seems like they are the ones who felt like they owed something to him.

It's sort of like them telling Trump "Here's some money. Please don't
sic the lawfare on it like we did to you."

Trump is a wise and well-mannered man. I guess he won't take revenge against American companies no matter how bad they treated him, because that's not what's best for us.

But Biden and his accomplices are fair game! :)

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Aaron Thomas wrote to Dr. What <=-

Trump is a wise and well-mannered man. I guess he won't take revenge against American companies no matter how bad they treated him, because that's not what's best for us.

But Biden and his accomplices are fair game! :)

Ya, I don't see Trump doing the Elitist policy of indiscriminately lashing out at people who oppose their rules. I see Trump asking "Is this good for the country?" first and only moving forward if it is.


... A little greed can get you lots of stuff
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