US President Donald Trump announced a decision to ban TikTok and WeChat starting next Sunday.
According to Arabiya Net, Larry Kudlow, the White House economic advisor, had announced a few days ago that the US administration was working on a deep review of the deal concluded by Oracle with the Chinese company The native of the popular video sharing app TikTok, ByteDance made an important note.
and confirmed that China would have to agree to the sale of TikTok business in the United States to Oracle, explaining that its attempt to ward off the ban in the United States could be More complicated.
This comes after Oracle submitted a proposal to the administration of the US President, Donald Trump, that would allow it to become a technical partner in the popular application, as BiteDance hopes to Avoid Trump's order to strip the company's US business.
Oracle's proposal envisages making TikTok Global's global business a US-based company.
Kudlow said security and ownership were important factors in the review process from President Donald Trump's viewpoint, according to Reuters.
ByteDance is in discussions with each of Oracle and Walmart to obtain stakes in US operations, and this represents a departure from the deal that was almost completed several weeks ago, worth between 20 And 30 billion dollars.
This deal collapsed after China backed down, saying that ByteDance needed to agree to a deal involving the export of the AI technology used by TikTok.
ByteDance has made a proposal avoiding the sale of US assets or every Tik Tok that Trump has said is necessary to avoid the ban due to talks with CFIUS and Treasury officials .
ByteDance counts that its proposal with Oracle addresses the concerns of the Committee on Foreign Investment in the United States (CFIUS) based on the nature of the US government's concerns about data sharing.
(Amazon fun knowledge)
