Oracle, Silver Lake would play key roles in TikTok deal between Trump administration and China

Source: CBS News

Updated on: September 16, 2025 / 9:37 AM EDT


Technology company Oracle is among a consortium of firms that would enable TikTok to continue operations in the U.S. if a framework deal between the United States and China to take over the social media company is finalized, sources with knowledge of the negotiations tell CBS News.

The precise structure of the final deal was unclear Tuesday night, but will include multiple companies, the sources said. It's not clear what level of involvement Chinese firms — including TikTok's current parent company ByteDance — will have in the deal, and who will control TikTok's powerful recommendation algorithm. Presidents Trump and Xi are expected to talk on Friday.

The deal includes a blend of new investors, including Silver Lake, a private equity firm based in California, and existing investors, the sources said. Mr. Trump on Tuesday morning declined to say which companies are purchasing TikTok, but said they will be announcing that soon.

Attempts to reach Oracle executives were unsuccessful. A TikTok spokesperson declined to comment. A spokesperson for Silver Lake didn't immediately respond to a request for comment.

Read more: https://www.cbsnews.com/news/oracle-tiktok-deal-trump-administration-china/