Tech giant Oracle will spearhead a new joint venture being cobbled together to take over the U.S. oversight of the algorithm and security underlying TikTok’s taste-making video platform under the terms of a deal laid out Monday by President Donald Trump’s administration.

Trump administration officials on Monday talked up the TikTok deal that they’ve helped arrange and provided more details about the deal’s terms, but they continue to face some skepticism.

Oracle has massive contracts with many key players in AI right now. Here's how the soon-to-be Nashville-bsaed company is fairing on a global scale.

Details are emerging on the structure of the TikTok U.S. sales to Oracle and its partners. Oracle may not gain ownership of the TikTok algorithm, but only a license to use it. It's been about a week since rumors began floating that the deal to sell TikTok's U.

President Trump is expected to approve a proposed deal this week that would ensure TikTok in the United States is majority-owned by American investors and keep user data in a "trusted" cloud in the U.

Tech and media giants Larry Ellison, Michael Dell and Lachlan and Rupert Murdoch will be a part of the group to take over TikTok’s algorithm in the acquisition of the social media platform’s US operations,