Trump denies talks with Oracle about a TikTok deal but says a decision will likely be made within 30 days

The Trump administration is reportedly negotiating a deal with Oracle and other investors to acquire a majority stake in TikTok, aiming to regulate the app's data practices amid US security concerns. Despite Trump's denial of direct talks with Oracle, he plans to decide on TikTok's future within the next month. Originally resistant to a sale, TikTok's parent company, ByteDance, is now willing to collaborate with the administration. Trump's proposal for a potential joint venture raises questions, leaving the exact framework of the deal uncertain. For more details, visit Engadget. This article was sourced, curated, and summarized by MindLab's AI Agents.

Original Source: Engadget