Trump’s management would have negotiated a plan to move from Tiktok’s global operations to Oracle to keep the application of his recent US prohibition.
Citing unidentified sources, NPR on Saturday reported that an organization of US investors, adding to Oracle and with all probability of Microsoft, would take the application of Bytedance, the Chinese matrix company of Tiktok. Rules and knowledge collection.
Newsweek contacted Tiktok, Oracle, Microsoft and the White House through email to comment.
Last week, President Donald Trump interrupted the national prohibition of Tiktok in the United States, after the Supreme Court ordered that it be closed due to national security disorders with respect to their links with the Chinese government. This can potentially allow Beijing to user knowledge and influence American users.
The negotiations are seen as a way to mitigate these concerns by placing TikTok’s algorithm under the control of a U.S. company, which could potentially appease lawmakers who have demanded a complete divestiture of ByteDance’s ownership.
The proposed deal is for Oracle to oversee Tiktok’s knowledge gathering and software updates, according to NPR.
However, the Bytedonce would seek to download an assessment of $ two hundred billion for Tiktok, which should not succeed in the organization of investors for control.
In 2020, an attempt to move Tiktok assets to Oracle and Walmart failed. This time, Walmart would not be worried due to considerations on the estimated value of the application.
Last Tuesday, President Trump signed an Executive Decree that extended the deadline for the byte to deposit the application, one day after a law that forces its prohibition, it enters into force.
Before assuming the position, Trump reported that the United States deserves to have 50% of Tiktok, it is not transparent if it meant partial nationalization or personal investors who have the majority participation.
However, the president also said that he could not save Tiktok after all, calling the social site of the media “without value” his first day in the White House.
A non -namely source in the negotiations, but not legal to speak publicly told NPR: “The purpose is that Oracle was tracking well and not what is happening with Tiktok. The trust would not disappear completely, but minimize the property China”.
The Republican President of the House of Representatives, Mike Johnson, told NBC on Sunday: “When President Trump published the [social] position and said:” except Tiktok “, the way we read, is that he will verify to force a Genuine divestment, convert the hands, assets of assets.
“It’s the Chinese Communist Party and their manipulation of the algorithms—they have been flooding the minds of American children with terrible messages glorifying violence and antisemitism and even suicide and eating disorders.”
The outcome of the proposed deal may be revealed to the public in the coming days.
Flynn Nicholls is a Newsweek journalist founded in London in the United Kingdom, whose purpose is to inform American politics and society. Originally from New Zealand, Flynn joined Newsweek in 2024 and had previously worked at the Wairarapa Times-Age. He graduated from Victoria University of Wellington. You can touch Flynn by emailing f. nicholls@newsweek. com. Languages: English.