Useful information
Prime News delivers timely, accurate news and insights on global events, politics, business, and technology
Useful information
Prime News delivers timely, accurate news and insights on global events, politics, business, and technology
After a report from That said, the Trump administration is working on an agreement with Oracle and other investors to take care of Tiktok in the US You can make a decision in the next month, according to . Trump signed an executive order shortly after assuming the position on Monday, giving the matrix company of the application, Bytedance, more time to reach an agreement that would allow him to continue with his operations in the United States.
NPR, Citing sources “with direct knowledge of the conversations,” he originally reported that Oracle met with White House officials on Friday to discuss an agreement in which Oracle and other US investors would end with a majority participation in Tiktok and supervise things like compilation of data. Microsoft has also been involved in conversations, according to Npr. “The goal is for Oracle to supervise and effectively supervise what happens with Tiktok,” said an anonymous source. Npr. “Bytedance would not completely disappear, but it would minimize Chinese property.”
However, when journalists asked him about a possible agreement with Oracle during an Air Force One flight on Saturday night, Trump said, according to Reuters“No, not with Oracle. Many people are talking to me, very important people, about buying it and I will probably make that decision in the next 30 days. ”
Before the prohibition entered into force on January 19, Bytedance rejected the idea of selling Tiktok to appease US legislators. But he changed tone on Sunday after Trump intervened to temporarily put the application online, issuing a statement on Tiktok. He says that the company “will work with President Trump in a long -term solution that keeps Tiktok in the United States.”
It occurred a few hours after Trump wrote in a social truth publication that “he would like the United States to have a 50% participation in a joint business.” Even so, its exact plan still is clear. According to one of the sources that spoke with Npr“No one seems to know what it refers to the 50 percent equity comments.”