U.S President Donald Trump on Monday said there is a lot of interest in TikTok, as his administration seeks to broker a sale of the popular app.

Under the deal being negotiated by the White House, TikTok’s China-based owner, ByteDance, would retain a stake in the company, but data collection and software updates would be overseen by Oracle, which already provides the foundation of TikTok’s Web infrastructure, one of the sources told Reuters.

U.S. President Donald Trump has tasked Vice President JD Vance and national security adviser Michael Waltz with overseeing a potential sale of TikTok, Punchbowl News reported on Friday. (Reporting by Mrinmay Dey in Bengaluru;

Vice President JD Vance will be overseeing the sale of social media platform TikTok from its Chinese parent company, The Post has learned, after President Trump threw the popular app a lifeline on Day One by giving it additional time to find a US buyer.