Tech billionaire Larry Ellison’s Oracle is reportedly a “leading contender to help run TikTok” as the Trump administration works to secure a sale that would avoid a complete ban of the China-owned app.

According to a report from The Information, Oracle is in the lead to buy TikTok's US stake. More details here.

Oracle has emerged as a leading contender to help run TikTok as part of a deal President Donald Trump is orchestrating to satisfy last year’s divest-or-ban law, say investors, bankers and former executives familiar with the Chinese tech giant.

Oracle is reportedly a top contender to help run TikTok, which has until April to finalize a sale to a US-based buyer. New reports suggest that Texas-based computer tech giant Oracle is the leading candidate to serve as the cloud technology partner for managing TikTok in the US.