[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  π°ππ·πΎππΆπ [@Umbisam](/creator/twitter/Umbisam) on x 11.6K followers Created: 2025-07-03 15:07:17 UTC $IREN A consortium of companies, including Oracle, Blackstone, and a16z (Andreessen Horowitz), is back in the running to acquire TikTok. As reported by Bloomberg and citing a person familiar with the matter, the group is allegedly the buyer revealed by President Donald Trump last weekend. Trump announced that progress had been made on a sale for TikTok during an interview with Fox News last weekend, telling the interviewer: βWe have a buyer for TikTok, by the way. I think Iβll need probably China approval, and I think President Xi will probably do it.β The group previously attempted to purchase TikTok in April this year, though it was stalled by China withholding its approval in retaliation for President Trump's tariffs. The sale of TikTok has been legally mandated since former President Joe Biden directed owner ByteDance to divest its US unit by January XX or face a national ban. Trump has since extended the deadline three times, currently not set to expire till mid-September. According to the White House Press Secretary Karonline Leavitt, discussions are still ongoing. Blackstone declined to comment to Bloomberg, while representatives from Oracle, Andreessen Horowitz, ByteDance, and TikTok didnβt respond to requests for comment. Trump said he would confirm the buyer in the next couple of weeks. Should the deal follow the same format as the previously rejected April bid, the new investors would acquire XX percent of TikTok, while existing US investors would retain XX percent, with ByteDance owning just XX percent. Oracle, meanwhile, would take a "minority stake" in operations and "provide security assurances for user data." TikTok's US data is hosted on Oracle Cloud, with the company having migrated to the provider in 2020 in an effort to reduce scrutiny. Oracle has had a busy week, with the company securing a massive $XX billion-a-year deal with OpenAI this week, set to kick off in fiscal year 2028. XXXXX engagements  **Related Topics** [president donald trump](/topic/president-donald-trump) [fox news](/topic/fox-news) [donald trump](/topic/donald-trump) [bloomberg](/topic/bloomberg) [tiktok](/topic/tiktok) [andreessen horowitz](/topic/andreessen-horowitz) [oracle](/topic/oracle) [$iren](/topic/$iren) [Post Link](https://x.com/Umbisam/status/1940789449744376250)
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π°ππ·πΎππΆπ @Umbisam on x 11.6K followers
Created: 2025-07-03 15:07:17 UTC
$IREN A consortium of companies, including Oracle, Blackstone, and a16z (Andreessen Horowitz), is back in the running to acquire TikTok.
As reported by Bloomberg and citing a person familiar with the matter, the group is allegedly the buyer revealed by President Donald Trump last weekend.
Trump announced that progress had been made on a sale for TikTok during an interview with Fox News last weekend, telling the interviewer: βWe have a buyer for TikTok, by the way. I think Iβll need probably China approval, and I think President Xi will probably do it.β
The group previously attempted to purchase TikTok in April this year, though it was stalled by China withholding its approval in retaliation for President Trump's tariffs.
The sale of TikTok has been legally mandated since former President Joe Biden directed owner ByteDance to divest its US unit by January XX or face a national ban. Trump has since extended the deadline three times, currently not set to expire till mid-September.
According to the White House Press Secretary Karonline Leavitt, discussions are still ongoing.
Blackstone declined to comment to Bloomberg, while representatives from Oracle, Andreessen Horowitz, ByteDance, and TikTok didnβt respond to requests for comment.
Trump said he would confirm the buyer in the next couple of weeks.
Should the deal follow the same format as the previously rejected April bid, the new investors would acquire XX percent of TikTok, while existing US investors would retain XX percent, with ByteDance owning just XX percent. Oracle, meanwhile, would take a "minority stake" in operations and "provide security assurances for user data."
TikTok's US data is hosted on Oracle Cloud, with the company having migrated to the provider in 2020 in an effort to reduce scrutiny.
Oracle has had a busy week, with the company securing a massive $XX billion-a-year deal with OpenAI this week, set to kick off in fiscal year 2028.
XXXXX engagements
Related Topics president donald trump fox news donald trump bloomberg tiktok andreessen horowitz oracle $iren