President Donald Trump is in talks with "numerous, very substantial people" about a TikTok deal - but not Oracle.

The Trump administration is denying it, but Trump previously said he'd like to see the software company take it over.

Oracle would reportedly control TikTok's data collection, algorithm, and software updates, but Chinese owner ByteDance would maintain a minority stake.

President Donald Trump told reporters that Microsoft is in talks to acquire TikTok's U.S. operations, Bloomberg reports. Although Trump didn't elaborate,

The proposed TikTok deal suggests ByteDance would retain a minority interest while Oracle would manage the apps algorithm, data collection, and software updates.

By Dawn Chmielewski, Kanishka Singh and Milana Vinn NEW YORK/WASHINGTON (Reuters) -The administration of U.S. President Donald Trump is working on a plan to save TikTok that involves tapping software company Oracle and a group of outside investors to effectively take control of the app's operations,

The server networks which support TikTok operate through Oracle's existing infrastructure responsibilities. The deal's success would grant Oracle access to perform direct oversight of TikTok's data processing and content control methods while the administration tackles data protection issues linked to Chinese ownership.

The company is one of the app’s leading server providers, managing the data centers where billions of 40-second videos are stored.