Elon Musk, real estate magnate Frank McCourt, and Shark Tank’s Kevin O’Leary are also interested in taking over TikTok, according to reports.

The plan to save TikTok involves software company Oracle and a group of outside investors effectively taking control of the app's global operations, two sources with

Last week, President Donald Trump paused TikTok's nationwide ban in the U.S., after the Supreme Court ordered it be shut down due to national security concerns over its ties to the Chinese government. This could potentially enable Beijing to access user data and influence American users.

The Trump administration is denying it, but Trump previously said he'd like to see the software company take it over.

Numerous potential buyers, including PerplexityAI and the internet advocacy group, Project Liberty, have publicly stated their interest in the app.

According to a media report, the White House is negotiating a TikTok takeover by Oracle and other investors.

The proposed deal, currently under discussion with the White House, could leave TikTok's parent company, ByteDance, with a minority stake in the app.

Oracle and a consortium of investors, including Microsoft, are said to be in talks to take over TikTok 's global operations. According to NPR, the White House is brokering these talks.

According to a new report, Oracle is in talks to take over TikTok's global operations, while Microsoft is looking to invest.

TikTok and President Donald Trump are reportedly in talks with Microsoft and Oracle to buy the social media app.

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