NPR reported on White House negotiations to take control of the social network TikTok

The White House is negotiating for the American corporation Oracle and investors to take control of the social network TikTok. National Public Radio (NPR) reported on January 25.

"Representatives of Oracle and the White House held a meeting on Friday on the potential deal, another meeting is scheduled for next week," the radio station informed.

It is specified that under the agreement currently being negotiated, TikTok's Chinese owner ByteDance would retain a minority stake in the company, but the app's algorithm, data collection and software updates would be controlled by Oracle, which already provides the backbone of TikTok's web infrastructure.

Essentially, this would mean that U.S. investors would own a controlling stake in TikTok, but the terms of the deal could change and are still being negotiated.

"The goal is for Oracle to effectively monitor and provide oversight of what happens with TikTok. ByteDance won't disappear completely, but it will minimize Chinese ownership," said a person directly involved in the negotiations.

Earlier, on January 21, US President Donald Trump signed an executive order postponing the blocking of the social network TikTok in the country for 75 days. It is specified that the postponement of the blocking will allow the new administration to determine the "appropriate course of action" in relation to the social network.

NBC News reported on January 19 that TikTok became inaccessible to U.S. residents. It was specified that the social network disappeared from the App Store and Google Play app stores.

Later that day, Trump published in Truth Social an appeal to keep the app available and said he would issue an executive order freezing the enforcement of the law banning TikTok on the day of his inauguration. The politician specified that the decree could include the sale of 50% of the company to a new owner. At the same time, the video platform restored service to US users and expressed gratitude to Trump for expressing his desire to make TikTok available.

On April 24, 2024, then-acting U.S. President Joe Biden signed legislation to ban the social network. Senators in Congress then approved the measure by an overwhelming majority because they believed that the Chinese government could secretly spy on US citizens through the app.