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The US Treasury recently announced that September 20 is the deadline for the sale of the popular application “TikTok.” This came, according to the Al Arabiya news channel..
Meanwhile, Chinese company ByteDance chose an Oracle-led consortium to deal with the operations of TikTok’s short video app in the United States, beating its rival Microsoft, a person familiar with the matter said on Sunday..
ByteDance has been in talks to sell Tik Tok’s operations in the United States to potential buyers since President Donald Trump threatened last month to block the service if it did not sell..
ByteDance will need approval from the US and Chinese governments for this deal. Microsoft said earlier on Sunday that ByteDance had informed it that it would not sell it to Tik Tok’s US operations..
Sources with direct knowledge of the Tik Tok case in the United States said that Beijing opposes the mandatory sale Tik Tok operations in the United States by its Chinese owner, ByteDanceAnd you prefer to close the short video application in the United States, while it is running ByteDance Talks to sell a business Tik Tok Of America to potential buyers, including Microsoft andOracle Since US President Donald Trump threatened last month to block the service if it doesn’t sell.
