Oracle, Walmart, ByteDance, US government reach tentative TikTok deal
After a back-and-forth about terms of the deal with the federal government, Oracle and a range of investors are set to take ownership of TikTok's U.S. operations in a deal awaiting approval from President Donald Trump.
Credit: Kon Karampelas
In August, Trump signed an executive order that would effectively ban TikTok in the U.S. if parent company ByteDance did not divest from the platform's operations in the country. The order set a deadline of Sept. 20 before it takes effect.