TikTok owner denies accepting Oracle deal as deadline approaches for US sell-or-ban law
ByteDance has denied a recent report that it agreed to sell its US operations to a consortium led by Oracle, according to multiple Chinese media.
On Monday, Chinese media GeekPark published an article saying that the Beijing-based social media giant had given the nod for a sale to a group led by Oracle, in which it would maintain a minority stake. The article has since been removed.
Meanwhile, the company is reportedly working on new versions of the popular short video app, as well as its video editor CapCut, both targeted specifically at the US market.
A US-only edition of
TikTok was under development and slated for launch in early September, while the current version would be shut down for American users by March 2026, according to a Sunday report by The Information, citing unnamed sources.
US President Donald Trump speaks to journalists about TikTok as he signs executive orders in the Oval Office of the White House in Washington, January 20, 2025. Photo: Pool/AFP/Getty Images/TNS
ByteDance's planned release of a US version of CapCut was reported on Monday by Business Insider, citing internal documents.
The company 'has been studying plans' for US-only apps, but had not made up its mind, according to a person familiar with the matter.
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