The Trump administration is negotiating a deal that would see Oracle take over TikTok alongside new U.S. investors, according to a report by NPR.

President Donald Trump has denied holding talks with Oracle (ORCL) about a TikTok deal, saying that he has “spoken to many people about

The Trump administration is reportedly working on a plan to save the U.S. operations of TikTok that involves Oracle Corp. and group investors acquiring the popular short-form video application. According to NPR,

According to NPR, Oracle and a consortium of investors, including Microsoft, are in negotiations to acquire TikTok’s international and global operations. ByteDance will retain a minority share in TikTok under the agreement,

However, there is apparently ongoing negotiations to get TikTok under new ownership, which would give it a path back to the App Store. No deal is close to being finalized, yet, though. NPR is reporting that the White House is directly involved in talks that would see Oracle and a group of outside investors take control of TikTok.