The most likely resolution, reports indicate, would involve existing US investors in ByteDance rolling their stakes into a newly formed, independent global TikTok company.
Additionally, major US investors such as Oracle and Blackstone are expected to participate in the deal to reduce Chinese ownership. Oracle, which already hosts much of TikTok’s US operations on its servers, is seen as a frontrunner, particularly given that its chairman, Larry Ellison, is a close ally of former President Donald Trump.
Despite concerns over a potential US ban, Trump has expressed confidence that a buyer will emerge before the Saturday deadline. He is set to meet with senior White House officials on Wednesday to discuss possible solutions.
With over 170 million American users, TikTok remains under intense scrutiny from US lawmakers. A law passed last year requires ByteDance to either sell the app or face a ban, citing national security risks associated with its Chinese ownership.
While Amazon’s bid has shaken up the negotiations, industry experts remain skeptical about its chances of success.
