Reuters could not immediately confirm the report [File]
| Photo credit: Reuters
Oracle is among a consortium of firms that would allow TikTok to continue operating in the United States if a system deal between the US and China is finalized, CBS News reported Monday.
Reuters could not immediately confirm the report.
The exact structure of the deal was unclear, the report said, adding that the deal would involve multiple companies.
The White House, Oracle and Tiktok did not immediately respond to Reuters requests for comment.
US and Chinese officials announced earlier on Monday that they had reached a basic agreement to switch TikTok to US-controlled ownership, which will be confirmed in a call on Friday between US President Donald Trump and his Chinese counterpart, Xi Jinping.
After meeting with Chinese negotiators in Madrid, US Treasury Secretary Scott Bessen said the September 17 deadline, which could have disrupted the popular social media app in the US, encouraged Chinese negotiators to reach a potential deal.
He said the deadline could be extended by 90 days to allow for the deal to be completed, but declined to discuss any specifics.
Published – September 16, 2025 09:21 IST
