Oracle and Microsoft are planning to take over the TikTok US operations, as per new report. The companies are in talks with ByteDance and the deal would allow the Chinese app to have a minor stakes in the company. The reported deal is focused on minimizing the Chinese involvement and its ownership in the company. If the deal happens Oracle would monitor all the data collection, software updates, and every other information within the app.
To recall, the US Supreme Court banned the Tiktok citing national security. But after Donald Trump became the president of US, he gave the Chinese company 90 days time. The time limit is given so that the company transfers its US operations to any US company or gets ready to be banned. When asked Donald Trump about the negotiation and the deal, he denied any direct involvement of him and the Oracle.
“I have spoken to many people about TikTok and there is great interest in TikTok. No, not with Oracle. Numerous people are talking to me, very substantial people, about buying it and I will make that decision probably over the next 30 days. Congress has given 90 days. If we can save TikTok, I think it would be a good thing.”
There were more potential buyers including Elon Musk, Kevin O’Leary, and many others. The TikTok cannot be downloaded from Google Play Store and App Store right now. The message reads, “In agreement with our service providers, TikTok is in the process of restoring service. We thank President Trump for providing the necessary clarity and assurance to our service providers that they will face no penalties providing TikTok to over 170 million Americans and allowing over 7 million small businesses to thrive. It’s a strong stand for the First Amendment and against arbitrary censorship. We will work with President Trump on a long-term solution that keeps TikTok in the United States.”
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