Oracle would reportedly control TikTok's data collection, algorithm, and software updates, but Chinese owner ByteDance would maintain a minority stake.

The White House on Saturday called TikTok’s statement warning that it will “go dark” on Sunday unless President Biden steps in a “stunt,” arguing the app doesn’t have to take action before President-elect Trump is sworn in.

The White House said on Friday that Tiktok should remain available to Americans but the timing of the Supreme Court ruling on a law banning the app means it must fall to the Trump administration.

President Donald Trump is in the middle of a chaotic race to secure the future of TikTok in America. Speaking aboard Air Force One en route to Florida on Jan. 25, Trump confirmed that multiple discussions are taking place with “substantial people” about buying TikTok’s U.