WASHINGTON — Tech giant Oracle will spearhead U.S. oversight of the algorithm and security underlying TikTok’s video popular platform under the terms of a deal laid out Monday by President Donald Trump’s administration.
All the final details still need to be nailed down among several joint venture partners that will include Oracle, investment firm Silver Lake Partners and possibly two billionaires — media mogul Rupert Murdoch and personal computer pioneer Michael Dell. The U.S. administration would not have a stake in the joint venture nor be part of its board, according to a senior White House official.
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