Nandita Bose, Dawn Cimeliusky, Milana Vin, Kanishika Sin
Air Force Wan (Reuters) -Donald Trump said on Saturday that the future of the popular apps would be decided within the next 30 days in discussions with multiple stakeholders over the acquisition of Tiktok.
“I have talked to many people about tiktok, but Tiktok has a great interest,” Trump said to a reporter on Air Force One in Air Force One.
At the beginning of that day, the Trump administration is working on the Tiktok relief plan for the Reuters, and the plan effectively seizes the operation of the app using the software company Oracle (NYSE 🙂 and the external investor group. Two stakeholders who are familiar with this discussion, including, reported.
According to the White House's negotiations, the owner of Tiktok, the owner who is based in China, will hold the company's shares, but data collection and software updates have already provided the foundation of Tiktok's web in frustration. It will be supervised by Oracle. A person concerned told Reuters.
However, President Trump said in a comment to reporters on the cabin that he did not talk to Oracle Rally Ellison about the purchase of the app.
In response to the question that Oracle or other investors intends to sign a contract to save Tiktok, President Trump said, “No, it's not Oracle. Many very talented people have about the purchase of Tiktok. He was discussing and probably decided to make a decision over 2020. ” Next 30 days. Congress has granted 90 days. I think it would be a good thing if I could save Tiktok. “
Stakeholders stated that the potential transaction conditions with Oracle were fluid and likely to be changed. According to a certain source, the entire range of talks has not yet been determined, and that it may include not only US operations but also other areas.
On Saturday, the National Public Radio reported on negotiations on Tiktok's global business, as a story of two people who are familiar with negotiations. There is no comment from Oracle immediately.
According to the officials, the business during negotiations is expected to be the current US investor in the part -time dancing. Jeff Yasu's Sasuke Hana International Group, General Atlantic, Callburg Krabz Roberts (KKR), Sequoia Capital, etc. are supporting part -time dances in the United States.
General Atlantic, KKR, SEQUOIA, and SUSQUEHANNA representatives are not obtained at this time.
Other groups that are competing for the acquisition of Tiktok, such as the investor group led by the billionaire Frank McCort, and the group involving Jimmy Donaldson, a well -known YouTube star's Mr. Beast, participated in negotiations in Oracle. One of the stakeholders said that he was not.
Oracle manager
Based on the contract conditions, Oracle is responsible for dealing with the national security issue. Tiktok initially signed a contract to store US users information in 2022 to reduce US government concerns about the Chinese government's intervention.
According to one of the stakeholders, Tiktok's management will remain and operate a short video app.
This app, which is used by 170 million Americans, is temporarily offline just before the law that the law is prohibited if the part -time dancing is not sold due to national security. It is.
President Trump is inaugurated the next day, and is seeking to delay the enforcement of the law enforced after the US officials warned that the US nation's data would be abused under the part -time dancing. I signed the order.
Oracle and White House officials held a meeting on the possibility of transactions on Friday, and NPR reported that another meeting was scheduled next week.
Oracle was interested in “tens of billions of dollars -scale” Tiktok stocks, but the remaining transactions were fluid that the NPR reported as an information.
“I hope the United States will hold 50 % of the joint venture business,” said Trump in Tiktok.
NPR stated in another relationship that calm parliament was regarded as an important hurdle for the White House.
The defenders of freedom of speech oppose Tiktok's ban under the law signed by the US Congress and the former President Joe Biden.
The company has been falsely describing the relationship with China, and the company's recommended engines and user data are stored in the United States on a cloud server operated by Oracle, but affects US users. He announced that the decision was made in the United States.
