Oracle of Larry Ellison billionaire is reported to be a “main contender to help lead Tiktok” as the Trump administration works to provide a sale that would avoid a complete ban on China’s owned app.
Trump has until April 5 to find a buyer for Tiktok after he issued an executive order in January delaying the implementation of Congress detention for 75 days.
Tiktok briefly went out of line in January after Bytedance failed to meet a deadline to sell his shares for national security concerns.
Bytedance wants Oracle, who already serves as the main provider of TIKK’s cloud calculation, to be a partner in a possible deal, reported information, citing conversations with investors, bankers and former executives who are familiar with the opinion of the Chinese company.
Leaded by CEO Show Chew, Bytedance is also reported to want to take action in Tiktok operations after an agreement – despite the conditions of the Congress law they require it to sell.
Tiktok refused to comment. Representatives for the White House and Oracle did not immediately return the commentary requests.
Information reported that Bytedance wants Trump to sign an agreement with a revitalized version of TIKTOK’s “Texas Project” – an earlier attempt by the company to convince the Congress that it was not a national security threat by parking US users on Oracle -controlled servers.
This initiative, which failed to secure Congress concerns, also called for Oracle to review the Tiktok source code to ensure it is safe.
Critics have long claimed that Tiktok functions as a spying and propaganda tool for the Chinese Communist Party, which the company has strongly denied.
During a White House event in January, Trump said he was open to the possibility of Ellison or the owner of X Elon Musk by buying Tiktok.
Ellison has not yet publicly commented on his interest, while Musk has said he has no plans to buy the video sharing app.
Trump has also suggested that Microsoft can be included in talks about a Tiktok purchase.
In March, the president said the White House was “dealing with four different groups” and many people want it “but did not specify the names of the bidders.
At the beginning of this month, the president said he would “probably” extend the deadline if it were necessary to complete an agreement. He has also suggested that the US government could buy an action in the application through a Sovereign wealth fund as part of a joint venture, though the details remain dark.
Trump is said to have captured Vice President JD Vance to lead sales negotiations.
A group led by billionaire Frank McCourt, “Shark Tank” star Kevin O’Leary, and Reddit Alexis Ohranian co -founder has campaigned publicly to buy Tiktok and rebuild his recommendations from scratch on American soil.
The group claims to use blockchain technology to ensure users have greater control of how their data is earned.
Others who are known to be interested include an offer that includes Jesse Tinsley’s technology entrepreneur, who is reported to include YouTube star “Mrbeast”, whose real name is Jimmy Donaldson.
Any agreement that includes continued Chinese ownership is likely to direct the Congress law as it is currently written, which requires full departure from the country.
The head of the Intel Committee of the Senate Tom Cotton, a strong supporter of the law, has pledged to provide any agreement that adheres to this standard.
As the post reported last month, a national study found that 77% of Americans were concerned about the constant Chinese ownership of Tiktok.
Apple and Google resumed allowing Tiktok app downloads after receiving guarantees from the US Attorney General We saw BONDI that they would not face a $ 5,000 fine for users described in the law of sale or housing of Congress.
#Larry #Ellisons #Oracle #main #contender #lead #Tikit #sales #Report
Image Source : nypost.com