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On Monday night, Microsoft announced for the first time that its offer for Tiktok had been rejected. The Windows giant had been negotiating for weeks to buy Tiktok’s business in the United States, Canada, New Zealand and Australia. The Chinese government had previously positioned itself to block such an agreement. According to the new rules from the end of August, “IT technologies with personalization based on data analysis”, among other things, can only be sold abroad with permission from the government. Tiktok software is included in this description.
One possible role for Oracle could be to store the data of US Tiktok users. Trump describes Tiktok as a security risk because Chinese authorities could gain access to US data through the app. In early August, it banned US citizens and companies from doing business with Tiktok; This ban will take effect in mid-September. Without a deal, Tiktok threatens to end up in the United States. Trump stressed a few days ago that the deadline would not be extended. Under the order, it runs through September 20, while Trump repeatedly mentioned September 15 as the deadline.
