Washington: Oracle may soon close the deal to buy Chinese social media app TikTok in America. In giving this information, President Donald Trump said that Oracle was very close to buying the American stake from TikTok.
US computer giant Microsoft was at the forefront of the race to buy the short Tik Tok video app from Chinese company ByteDance, but there was no deal between the two companies. On Sunday, Microsoft announced that ByteDance had turned down its offer. After that, Oracle also joined this race. Explain that Trump gave ByteDance time until September 15 to sell the company in America.
Will decide soon
Responding to questions from reporters, President Trump said: “I heard that the two companies will seal the deal soon.” He added that we would decide soon whether the combination between the two companies needs to be approved. After that, Oracle will become a trusted technology provider for TikTok.
Larry is a Trump supporter
Little information has yet been revealed about the deal. CNBC said in a report that the Trump administration could approve the deal as soon as possible. If the deal is signed before the deadline between the two companies, Oracle will operate TikTok’s US operations. Oracle founder Larry Ellison is one of Trump’s main supporters.
US company denies allegations
Tik Tok has been downloaded 175 million times in the United States. Tik Tok is used by a billion people around the world. The United States alleges that Tik Tok shares user data with China. However, the company has always denied this. After India’s ban on Tiktok, there was a strong demand for a ban from Chinese companies in America.