Others who have reportedly considered buying TikTok include Elon Musk, real estate billionaire Frank McCourt, and Shark Tank host Kevin O’Leary. Trump recently said he would like Larry Ellison, who co-founded Oracle, to buy the platform.

Microsoft, which declined to comment on the president’s remarks, had discussed buying TikTok in 2020, when Trump tried to force a sale of the app in his first term.

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

TikTok acquisition deal, if takes place, will allow China’s ByteDance to retain a minority stake in the video sharing platform

The server networks which support TikTok operate through Oracle's existing infrastructure responsibilities. The deal's success would grant Oracle access to perform direct oversight of TikTok's data processing and content control methods while the administration tackles data protection issues linked to Chinese ownership.

The proposed TikTok deal suggests ByteDance would retain a minority interest while Oracle would manage the apps algorithm, data collection, and software updates.

It was late Monday that President Trump informed reporters that Microsoft has been in negotiations with ByteDance regarding a potential TikTok acquisition, according to Reuters. Despite the President’s claims, Microsoft and ByteDance have declined to comment on the matter.

Just a heads up, if you buy something through our links, we may get a small share of the sale. It's one of the ways we keep the lights on here. Click here for more.Elon Musk, Frank McCourt, and Kevin O'Leary were also reportedly interested in acquiring TikTok.

President Trump on Monday said Microsoft is one of the technology companies eyeing TikTok to keep the app in the United States amid a looming government ban. When asked if Microsoft was one of the