Video Summary What might the latest TikTok news mean for the company, its consumer and potential investors? 24/7 Wall St. contributors Douglas A. McIntyre and Lee Jackson are here to break it all down.

Investors are betting a TikTok acquisition could diversify Oracle’s revenue beyond its massive AI backlog, but with the deal’s final terms still opaque, the transaction is far from guaranteed.

President Trump says his administration and major tech investors have reached a deal to take over TikTok's US operations.

The strange saga of the TikTok ban may soon be coming to an end. “We have a deal on TikTok,” the president said on Tuesday. The Wall Street Journal has a few more details on the proposal:

Oracle is among a consortium of firms that would enable TikTok to continue operations in the United States if a framework deal between the U.S. and China is finalized, CBS News reported on Monday.

The Wall Street Journal reported on Tuesday that U.S. buyers and TikTok were working toward "finalizing" a framework for a deal in which a U.S. entity would own an 80 percent stake in the company while Chinese shareholders would own the rest. The story also revealed that the potential buyers were Oracle, Silver Lake, and Andreessen Horowitz.

Oracle is a rumored buyer of TikTok, even though the Chinese social media company would seem to be a very poor fit with its portfolio.