Discussions including software company Oracle and investors are reportedly underway.
The future of the Chinese social network TikTok is one of Donald Trump’s key concerns. The president, in office for a week, is diligently seeking a solution for this very popular application, but in the crosshairs of the American Congress, which accuses him of manipulating public opinion. « I’ve talked to many people about TikTok and there’s a lot of interest in it », he said on Saturday, indicating that he was in talks with several people about his takeover. « I will make this decision probably within the next 30 days. Congress gave 90 days. If we can save TikTok, I think it will be a good thing », he clarified.
A plan including ByteDance and Oracle
The Trump Administration is working on a plan that involves bringing in software company Oracle and a group of investors to take effective control of the app’s operations, people close to it say. Under the deal brokered by the White House, ByteDance, TikTok’s Chinese owner, would retain a stake, but data collection and software updates would be overseen by Oracle, which already provides the basis of TikTok’s web infrastructure .
-However, Donald Trump indicated on Saturday that he had not spoken to Larry Ellison, co-founder of Oracle, about this takeover. And he claimed that he « would like the United States to have a 50% stake % in a joint venture » dans TikTok.
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