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

After his report However, the Trump administration is working on a deal with Oracle and other investors to take over Tychok in the U.S. Trump has denied any talks with Oracle, but says he has “talked to a lot of people about Tychok” and may make a decision in the next month, according to . Trump signed an executive order shortly after taking office on Monday giving the app’s parent company more time to figure out a deal that will allow it to continue our operations.

NPR, Citing sources “with direct knowledge of the talks,” it originally reported that Oracle met with White House officials on Friday to discuss a deal in which Oracle and other American investors would end up with a majority stake in Tiktok and oversee things like data collection. Microsoft also participated in the talks NPR. “The goal is for Oracle to effectively monitor and provide oversight of what is going on with Tiktok,” an unnamed source said. NPR. “Bytedance won’t disappear completely, but it will reduce Chinese ownership.”

When asked about a potential deal with Oracle by reporters during an Air Force One flight on Saturday night, though, Reuters“No, not with Oracle. Many people, very large people, are talking to me about buying them and I will make that decision probably within the next 30 days.”

Before the ban takes effect on January 19, Bytedance pushed back against the idea of ​​selling Tiktok to satisfy US lawmakers. But it changed its tune on Sunday after Trump intervened to temporarily bring the app back online, issuing a statement on Tiktok’s An account says the company will “work with President Trump on a long-term solution that keeps Tychok in the United States.”

It came a few hours after Trump wrote in a social post in fact during He “would like the United States to have a 50% ownership position in the joint venture.” However, his exact plan is still unclear. According to one of the sources who spoke NPR“Nobody seems to know what they mean with 50 percent stock comments.”