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        <title><![CDATA[Trump backs Oracle as potential buyer for TikTok]]></title>
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            <media:title type="html">Trump backs Oracle as potential buyer for TikTok</media:title>
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        <content:encoded><![CDATA[<p>President Trump said he would support Oracle acquiring TikTok in the US as the popular video-sharing app continues its search for a buyer.</p><p><strong>Speaking to reporters</strong> Tuesday, Trump called Oracle a &#8220;great company&#8221; following reports that the software giant had preliminary talks about buying TikTok&#8217;s operations in the US, Canada, Australia and New Zealand.</p><p>&#8220;I think that Oracle would be certainly somebody that could handle it,&#8221; the president said.</p><p>Trump also said he thinks the company&#8217;s owner &#8220;is a tremendous guy&#8221; &#8212; a possible reference to Oracle co-founder and chairman Larry Ellison, a Trump supporter.</p><p>Trump has set a Sept. 15 deadline for ByteDance, TikTok&#8217;s Chinese parent company, to <strong>sell the app&#8217;s US operations</strong> amid concerns that Americans&#8217; user data could be shared with the Chinese government. TikTok has denied such allegations.</p><p>Microsoft had emerged in recent weeks as the leading bidder for TikTok, saying earlier this month that it had talked with the Trump administration about its discussions with ByteDance. Twitter — which has clashed with Trump over misinformation in his tweets — has also reportedly <strong>expressed interest in bidding</strong>.</p><p>But Oracle has leaders who are friendly to the president. Ellison — the world&#8217;s 12th-richest person with a net worth of $65.8 billion, <strong>according to Bloomberg</strong> — held a Trump campaign fundraiser at his California estate in February, and CEO Safra Catz reportedly worked on Trump&#8217;s White House transition team.</p><p>Trump indicated that TikTok&#8217;s ultimate buyer will have to pay the US government to get the deal done.</p><p>&#8220;We’re the ones making it possible, so our Treasury has to be very well compensated,&#8221; he said.</p><p>Neither Oracle nor TikTok immediately responded to requests for comment Wednesday morning.</p>]]></content:encoded>
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