Technology company Oracle is among a consortium of firms that would enable TikTok to continue operations in the U.S. if a framework deal is finalized, sources say.

This clearly is an expansion of Oracle's original business, and now it looks as if this tech giant may be expanding further: Oracle, as part of a consortium, may take a stake in TikTok, according to press reports. China's ByteDance, TikTok's owner, has been under pressure from the U.S. to divest its U.S. business or face a shutdown in the country.

TikTok’s U.S. operations would be acquired by a consortium that includes Oracle under a deal that President Trump is set to discuss with Chinese President Xi Jinping.

Oracle shares rose Tuesday on a report that the software firm is among a consortium of companies that would let Chinese-owned TikTok to continue operating in the U.S.—if a “framework deal" between Beijing and Washington is finalized.

The precise structure of the deal was not clear, the report said, adding that the deal will include multiple companies. The White House, Oracle and TikTok did not immediately respond to Reuters' requests for a comment.

Oracle shares rose 3.4% on TikTok deal speculation and strong earnings, boosting confidence in its AI and cloud growth.

The U.S. and China have a 'framework' deal for social media platform TikTok in place, Treasury Secretary Scott Bessent said Monday. "It's between two private parties, but the commercial terms have been agreed upon,

President Donald Trump announced Monday that a deal has been reached regarding TikTok, causing movement in several U.S. social media stocks.