ORACLE AND MICROSOFT ARE REPORTEDLY IN TALKS TO TAKE OVER TIKTOK

Summary from the TLDR newsletter

Oracle, Microsoft, and a group of investors are in talks to take over TikTok's global operations. The deal will allow ByteDance to keep a minority stake in TikTok while the app's algorithm, data collection, and software updates will be overseen by Oracle. Oracle's server network already provides the bulk of TikTok's backbone. President Trump earlier issued an executive order giving TikTok and others a 75-day reprieve from any enforcement action related to the US' requirement that ByteDance divest from TikTok.