Oracle is among a group of firms lined up to enable TikTok’s continued operations in the United States if a framework agreement between Washington and Beijing is finalized, CBS News reported on Monday. While the exact structure of the deal remains unclear, it is expected to involve multiple companies. Neither Oracle, TikTok, the White House, nor the Chinese Embassy in Washington provided immediate comments on the development.
U.S. and Chinese officials confirmed that they had reached a framework deal to shift TikTok to U.S.-controlled ownership. The agreement is set to be formally discussed in a call on Friday between U.S. President Donald Trump and Chinese leader Xi Jinping. The negotiations were driven by a looming September 17 deadline that could have disrupted TikTok’s operations in the U.S.
According to U.S. Treasury Secretary Scott Bessent, the deadline helped push Chinese negotiators toward a compromise. He hinted that the deadline could be extended by up to 90 days to allow final details to be resolved, though he declined to provide further specifics. The framework is viewed as a critical step in addressing U.S. concerns over data security and foreign influence tied to the Chinese-owned app.
Any final deal could still require approval by the Republican-controlled Congress, which passed legislation in 2024 mandating TikTok’s divestiture over fears Beijing could access the personal data of American users or exploit the platform for influence operations. TikTok, one of the most popular social media platforms in the U.S., currently has about 170 million users nationwide.