After pushing the TikTok sale date again yet again, President Donald Trump stated in an interview on Sunday that he had discovered a potential buyer for the ByteDance-owned platform.
Although the president stated he won’t reveal the identities of the patrons for an additional couple of weeks, Bloomberg is reporting that the customer is a gaggle of buyers from Oracle, Blackstone, and VC agency Andreessen Horowitz (a16z). In response to the report, these buyers had made a bid, but it surely misplaced momentum amid tensions between the U.S. and China resulting from Trump’s tariff proposals.
Oracle has lengthy been engaged with TikTok as a part of its Project Texas initiative to guarantee that U.S. person information is saved within the States.