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    Home > Headlines > Oracle among firms to enable TikTok to continue US operations, CBS News reports
    Headlines

    Oracle among firms to enable TikTok to continue US operations, CBS News reports

    Published by Global Banking & Finance Review®

    Posted on September 16, 2025

    2 min read

    Last updated: January 21, 2026

    Oracle among firms to enable TikTok to continue US operations, CBS News reports - Headlines news and analysis from Global Banking & Finance Review
    Tags:innovationtechnologyfinancial services

    Quick Summary

    Oracle joins a consortium to help TikTok continue US operations under a new US-China framework deal, potentially requiring US Congress approval.

    Oracle among firms to enable TikTok to continue US operations, CBS News reports

    (Reuters) - Oracle is among a consortium of firms that would enable TikTok to continue operations in the United States if a framework deal between the U.S. and China is finalized, CBS News reported on Monday.

    Reuters could not immediately confirm the report.

    The precise structure of the deal was not clear, the report said, adding that the deal will include multiple companies.

    The White House, Oracle, TikTok, and the Chinese Embassy in Washington did not immediately respond to Reuters' requests for comments outside regualr business hours.

    U.S. and Chinese officials said earlier on Monday that they have reached a framework agreement to switch TikTok to U.S.-controlled ownership that will be confirmed in a Friday call between U.S. President Donald Trump and his Chinese counterpart Xi Jinping.

    After a meeting with Chinese negotiators in Madrid, U.S. Treasury Secretary Scott Bessent said a September 17 deadline that could have disrupted the popular social media app in the U.S. encouraged Chinese negotiators to reach a potential deal.

    He said that deadline could be extended by 90 days to allow the deal to be finalized, but declined to discuss any specifics.

    A potential deal for TikTok involving Oracle could require approval by the Republican-controlled Congress, which passed a law in 2024 requiring divestiture due to fears that TikTok's U.S. user data could be accessed by the Chinese government, allowing Beijing to spy on Americans or conduct influence operations through the app.

    The popular short video social media app has 170 million U.S. users.

    (Reporting by Gnaneshwar Rajan in Bengaluru; Editing by Rashmi Aich and Sherry Jacob-Phillips)

    Key Takeaways

    • •Oracle is part of a consortium to keep TikTok operational in the US.
    • •A framework deal between the US and China is in progress.
    • •The deal may require approval by the US Congress.
    • •TikTok has 170 million users in the US.
    • •A deadline extension may allow more time for deal finalization.

    Frequently Asked Questions about Oracle among firms to enable TikTok to continue US operations, CBS News reports

    1What companies are involved in enabling TikTok's operations in the US?

    Oracle is among a consortium of firms that would enable TikTok to continue operations in the United States if a framework deal is finalized.

    2What is the status of the deal between the US and China regarding TikTok?

    U.S. and Chinese officials stated that they have reached a framework agreement to switch TikTok to U.S.-controlled ownership, which will be confirmed in a call.

    3What could delay the TikTok deal from being finalized?

    A September 17 deadline could have disrupted TikTok's operations, but it may be extended by 90 days to allow for finalization of the deal.

    4How many users does TikTok have in the United States?

    The popular short video social media app has 170 million U.S. users.

    5What is required for the TikTok deal involving Oracle?

    The potential deal for TikTok involving Oracle could require approval by the Republican-controlled Congress due to concerns over user data privacy.

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    Take advantage of our newsletter subscription and stay informed on the go!

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