TikTok is facing significant challenges in the United States due to a law that forces its parent company, ByteDance, to sell the app's U.S. operations or face a ban. The law has already come into effect.  

The platform was temporarily suspended in the U.S. for several hours on January 19 as a result of the ban, but former President Trump issued an executive order granting TikTok a 75-day extension to reach a deal that would allow the platform to continue operating.  

It is worth noting that this law was enacted specifically due to concerns over TikTok's immense popularity in the U.S., particularly among young people and teenagers. There have been allegations and accusations that the Chinese government controls the platform and has access to user data, claims for which U.S. authorities have provided no evidence and which TikTok has consistently denied.  

Acquisition Negotiations and Potential Buyers  

ByteDance, TikTok's parent company, initially resisted the idea of selling its U.S. operations and sought legal action in U.S. courts to block the law, arguing that it violates the U.S. Constitution. However, it lost its legal battle, complicating its current position.  

It appears that the Chinese company's stance has shifted since Trump took office. According to *The Wall Street Journal*, Chinese officials have expressed willingness to consider a potential deal, while one of ByteDance's investors confirmed that reaching an agreement would be in everyone's best interest.  

Several companies, along with a number of investors, are interested in acquiring TikTok. Trump previously stated his desire to spark a bidding war among companies for the platform, suggesting that the U.S. government should own a stake in it. However, the details of the final deal remain unclear, especially since the executive order gives ByteDance only 75 days to finalize any agreement.  

Oracle: A New Deal to Manage TikTok?  

Media reports indicate that Oracle is in talks with the Trump administration about a plan to save TikTok, which would involve taking over the app's global management in collaboration with other investors. According to the plan, ByteDance would retain a minority stake, while Oracle would oversee the app's algorithms, data collection, and software updates.  

It is worth noting that Oracle has a prior partnership with TikTok, as it hosts U.S. user data on its cloud services. Oracle was also part of ByteDance's original plan to remain in the U.S. under the "Texas Project," which abruptly collapsed in 2022.  

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