Trump discusses TikTok sale with investors, seeks decision in 30 days

President Donald Trump has stated he is in discussions with multiple parties regarding the potential purchase of TikTok, with a decision expected within the next 30 days. Despite earlier reports suggesting a deal involving Oracle, Trump denied any talks with Oracle's founder, Larry Ellison, asserting that he is engaging with 'numerous substantial people' interested in buying the app. The TikTok ban was temporarily lifted, allowing for a 75-day extension to find a solution, as concerns persist over data collection practices linked to its Chinese parent company, ByteDance. Trump indicated that ByteDance may retain a stake in TikTok, but data governance would shift to U.S. soil under a new deal. Reports suggest that the White House's plan could involve Oracle and additional investors overseeing operations while minimizing Chinese ownership. This ongoing situation reflects heightened scrutiny over TikTok's data practices amid broader U.S.-China tensions.