The Trump administration is negotiating a deal to transfer TikTok's control from its Chinese owner, ByteDance, to Oracle and U.S. investors. ByteDance would retain a minority stake, while Oracle would oversee the app’s algorithms and operations. This discussion follows a deadline for ByteDance to divest Tiktok, with the administration seeking a solution that addresses national security concerns about Chinese access to American user data. Meetings between Oracle and the White House have taken place, with potential investors, including Microsoft, also involved. Talks are continuing to negotiate the terms of the acquisition amid public and congressional scrutiny.