Oracle wins bid for TikTok after pressure from Trump for forced sale

Oracle won out over Microsoft and will now handle TikTok’s operations in the United States After pressure from Trump for a forced s...

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  • Oracle won out over Microsoft and will now handle TikTok’s operations in the United States
  • After pressure from Trump for a forced sale, the social network will continue to operate in the country
  • White House considers TikTok a threat to national security for being owned by a Chinese company

Oracle wins bid for operations of social network TikTok in U.S, following pressure from Trump for a forced sale.

The US software giant Oracle has won the bid for the US operations of the Chinese video-sharing application TikTok, and will allow the popular social network to continue operating in the country, various media reported this Sunday.

Oracle prevailed in the bid to Microsoft, which this Sunday announced in a statement that the owner of TikTok, ByteDance, had informed them that they would not sell “their operations in the US.”

As the newspaper advances The Wall Street JournalIt is expected that it will soon be confirmed that Oracle has been selected as TikTok’s “trusted technology partner” in the United States, in an agreement that will not be structured as a proper sale of the application’s operations.

Oracle wins bid for TikTok after pressure from Trump for forced sale

Photo: Twitter

Oracle wins bid for TikTok after pressure from Trump for forced sale

US President Donald Trump had given ByteDance a deadline that expires on September 15 to sell its US operations to a local company or leave the country.

The White House considers TikTok a threat to national security because it is owned by a Chinese company, while ByteDance has rejected US accusations that it would share information about US users with the Chinese government.

Trump already showed in August his interest in having Oracle, which maintains close ties with the White House, take over TikTok’s operations in the United States.

TikTok, which in the US has more than 80 million users, is one of the social networks that has grown the most in recent years, where it has become the main entertainment for many teenagers and a marketing channel for important celebrities .

China’s Ministry of Foreign Affairs has already made it clear that it was opposed to the forced sale of TikTok, an operation that in its opinion would violate the principles of the World Trade Organization (WTO).

In fact, the Chinese government sees the intention of selling TikTok as another chapter in the trade war between Beijing and Washington, which tries to contain the growing technological power of the Asian giant, which has already seen how the telecommunications firm Huawei has had facing restrictions, as well as the popular social network WeChat, owned by digital conglomerate Tencent.

Trump signs decree for TikTok to sell US assets in 90 days

The onslaught against the popular social network TikTok continues, and now President Donald Trump has signed a decree to sell its assets in the United States in 90 days.

As reported by the AP news agency, President Donald Trump gave the Chinese company ByteDance 90 days on Friday to sell all its assets used to support the famous social network TikTok in the United States.

Speaking of TikTok, President Trump said in his decree: there is “credible evidence that leads me to believe that ByteDance … could take actions that threaten to harm the national security of the United States.”

The AP recalled that Trump had already announced broad but vague bans last week on deals with the Chinese owners of TikTok and the WeChat message application, which he described as a threat to national security, foreign policy and the economy of U.S.

So far, the AP noted, the implications of the TikTok-related decrees for the app’s 100 million US users, many of them teens or young adults, who use it to post and watch short videos are unknown.

In addition, Trump also ordered Friday that ByteDance dispose of “all information obtained or derived” from TikTok users in the United States.

The portal Infobae It also reported this Saturday that Trump signed a decree yesterday for ByteDance to sell the assets of TikTok in the United States in 90 days.

Trump decree TikTok

Since Trump unleashed the controversy over the use of the Chinese social network TikTok in the United States, it came to light that Microsoft was holding talks to buy parts of TikTok.

According to the AP report, White House press secretary Kayleigh McEnany defended Trump’s previous decrees on TikTok and WeChat on Thursday when she told reporters that the president was exercising his emergency authority in accordance with a 1977 law that allows the president to regulate international trade to face unusual threats.

At the time, McEnany ensured that the Chinese government could access and use private data of TikTok users. At the same time, he said: “The government is committed to protecting the American people from all cyber threats, and these applications compile significant amounts of private user information.”

For its part, the AP mentions, TikTok said that for almost a year it tried to reach out in “good faith” to the United States government to address these concerns about its social network.

However, the company reported in a statement: “What we found instead was that the government did not pay attention to the facts, dictated the conditions of an agreement without going through the ordinary legal process and tried to insert itself in the negotiations between private companies” .

According to Infobae, the decree that Trump signed on Friday that forces the sale of TikTok in the country has very specific guidelines.

The buyer of TikTok in the United States must be American and “demonstrate their willingness and ability to comply with this decree,” Infobae reported.

And that is why one of the companies that sounds the most for the possible purchase is Microsoft, which supposedly would be willing to disburse between 10 and 30 billion dollars, Infobae detailed, citing the “American press.”

According to the aforementioned media, Trump has said that if the operation is completed, a very large percentage of the payment will have to go to the United States Treasury, because the national authorities are the ones that would have made the transaction possible.

The diaries ABC News, Daily Mail and The Wall Street Journal They also reported that on Friday night Trump issued an order to force the sale of TikTok in the United States in three months, and requested that all the information obtained from the users of that social network in the country be deleted.

Filed As: Oracle wins bid for TikTok after pressure from Trump for a forced sale

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