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But it's kind of unclear what's actually happening right now.

So joining me to cut through the noise is senior recode reporter,

Shring Gafari. Hey, Sharon.

Hey, Teddy. So what exactly is going on? I'm a little confused.

Yeah, I don't blame you. There's been a lot of twists and turns in this saga, but the latest is that Oracle has put forward an offer

to take over a part of Tik-Tok

but not the majority of it of its U.S. operations

and the deal that Oracle proposed

Bight Dance which is TikTok Chinese parent company would still retain 80% ownership of

TikTok US and the rest would be, you know, what Oracle and Walmart

and partnership would negotiate ownership of.

...