(Reuters) – Oracle is among a consortium of firms that would enable TikTok to continue operations in the United States if a framework deal between the U.S. and China is finalized, CBS News reported on Monday.

Reuters could not immediately confirm the report.

The precise structure of the deal was not clear, the report said, adding that the deal will include multiple companies.

The White House, Oracle, TikTok, and the Chinese Embassy in Washington did not immediately respond to Reuters’ requests for comments outside regualr business hours.

U.S. and Chinese officials said earlier on Monday that they have reached a framework agreement to switch TikTok to U.S.-controlled ownership that will be confirmed in a Friday call between U.S. President Donald Trump and his Chinese counterpart Xi Jinp

See Full Page