Headlines
Oracle among firms to enable TikTok to continue US operations, CBS News reports
Published by Global Banking and Finance Review
Posted on September 16, 2025
2 min readLast updated: January 21, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on September 16, 2025
2 min readLast updated: January 21, 2026
Oracle joins a consortium to help TikTok continue US operations under a new US-China framework deal, potentially requiring US Congress approval.
(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)
Oracle is among a consortium of firms that would enable TikTok to continue operations in the United States if a framework deal is finalized.
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.
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.
The popular short video social media app has 170 million U.S. users.
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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