WASHINGTON (AP) — 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. All the final details still need to be nailed down among Oracle and other joint venture partners that will include investment firm Silver Lake Partners. Two billionaires, media mogul Rupert Murdoch and personal computer pioneer Michael Dell, also could be involved. The proposal is aimed at resolving a long-running effort to wrest TikTok’s U.S. operations its Chinese parent ByteDance owners because of privacy and security concerns.
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