Trump not keen on deal between Oracle and TikTok owner

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Donald Trump doesn’t think the deal between Oracle and TikTok owner ByteDance can go through. The American president told a reporter on Wednesday CNBC. TikTok must be owned by the US government by an American company, because the White House believes that the originally Chinese app jeopardizes the national security of the US.

The American company Oracle confirmed on Monday that there is indeed a proposal for a deal with ByteDance with the US government. Trump responded last Wednesday with that he has not yet read the proposal, but that he does not think the deal meets the requirements.

Trump previously made it clear that he does not want ByteDance to remain the owner of TikTok. The deal with Oracle would mainly contain agreements about the processing of TikTok data by Oracle, but the exact content of the proposal is not known.

ByteDance has until September 20 to close a deal with an American company. If that doesn’t work, Trump wants to ban the app completely.

Should TikTok be sold, the question is whether the Chinese government will agree. Although the company is not government-owned, the government may be able to exert pressure not to proceed with the sale. Previous reports indicate that the government of China would prefer not to have a Chinese company sold under pressure.



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