Faced with an April 5 deadline, the White House is reportedly weighing a “high-level agreement” for Oracle to be the winner of the TikTok sweepstakes under a forced deal to decouple the application from its Chinese roots.
Vice President JD Vance alluded to the potential sale agreement Friday as required by Congress amid national security concerns with China-based ownership of the popular social media app that requires forced technology transfer, giving the Chinese Communist Party access to Americans’ data.
Sources told Politico that Oracle founder and Executive Chair Larry Ellison, a longtime backer of President Donald Trump, is the leading bidder of the agreement the White House is weighing, but the sources express concern that national security might remain compromised.
Read more at Newsmax© 2025 Newsmax. All rights reserved.