Oracle and Microsoft are planning to take over the TikTok US operations, as per a new report. The companies are in talks with ByteDance, and the deal would allow the Chinese app to have a minor stake in the company. If the deal happens, Oracle would monitor all the data collection, software updates, and every other piece of information within the app. There were more potential buyers, including Elon Musk, Kevin O’Leary, and many others.