Trump is not happy with the TikTok deal as its parent company in China still holds a large stake
President Donald Trump of the United States It has expressed frustration about Oracle Corp's proposal to acquire TikTok in the US, presumably due to ByteDance, the parent company of Tik Tok. xo Will still hold a majority stake However, the information President Trump is aware of is only preliminary. In which he would like to consider more details of the said proposal More details are expected to be made available to President Trump this morning.
President Trump said, I'm not ready to sign anything right now.
The move comes a few days after Byte Dance agreed to sell its US venture, TikTok, to Oracle. After Byte Dance has rejected Microsoft's offer.
Past that Byte Dance is trying to negotiate to sell TikTok to a US company. This includes Microsoft and Oracle. This is because President Donald Trump threatened to ban TikTok's services if Byte xo Dance refused to sell the business. President Trump has set a deadline for Byte Dance to conclude a deal to sell TikTok by Sept. 15 over concerns about the security of users' personal information by TikTok, an app. That popular short video It has about 100 million monthly active users in the US.
The latest yesterday The source said The US National Security Commission Check the Oracle offers. The news source stated that The proposals in the disclosed that stated Oracle will not xo be buying TikTok directly, but rather investing in a global restructuring of TikTok. And will have a base of operations in the US While Byte Dance will continue to hold a majority stake. And at least three shareholders in Byte Dance - General Atlantic, Sequoia Capital and Coatue Management - will continue to hold stakes in the new business.
Este post foi editado por limited limited em 17 de setembro de 2020 02:17:37 ART"
