Trump approves control of Oracle and Walmart on TikTok – Ultima Ora

09/20/2020 Business, Technology

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(ANSA) – NEW YORK, SEPTEMBER 20 – Donald Trump gave his “rough” blessing to the TikTok agreement: “I approved it” and the new company that will be born will have “total control” of Oracle and Walmart. “It’s big business for the United States,” says the American president, fearing the hypothesis that the headquarters of the new company will be in Texas.

TikTok has confirmed the deal, which states that Oracle is its ‘technology partner’ and that it can acquire a 20% stake in the company alongside Walmart. Oracle will also be a minority investor in TikTok Global, of which it will be a technology partner. , or more accurately a “trusted technology provider,” Oracle said in a statement, noting that it will own 12.5% of TikTok Global.

But US restrictions on TikTok are postponed for a week until September 27, the US Department of Commerce says. The stoppage should have taken place in the evening between now and tomorrow, but the negotiations have forced a postponement.

Indeed, Beijing has once again accused the United States of “intimidation” and announced countermeasures, including imposing limits on the activity of foreign companies that “undermine China’s national sovereignty and its security and development interests.” (HANDLE).

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Oracle will also be a minority investor in TikTok Global, of which it will be a technology partner. , or more accurately a \"trusted technology provider,\" Oracle said in a statement, noting that it will own 12.5% \u200b\u200bof TikTok Global. \n\t\t\t\t But US restrictions on TikTok are postponed for a week until September 27, the US Department of Commerce says. The stoppage should have taken place in the evening between now and tomorrow, but the negotiations have forced a postponement. \n\t\t\t\t Indeed, Beijing has once again accused the United States of \"intimidation\" and announced countermeasures, including imposing limits on the activity of foreign companies that \"undermine China's national sovereignty and its security and development interests.\" (HANDLE). \n\t\t\t\t \n\n\n \n \n\t\t\t\t\t\t\t\t\tREPRODUCTION RESERVED \u00a9 Copyright ANSA\n\n\t\t\t\t\t\t\t\t\t\n]]>\n\n\n\n\n\n\n\n\n\tGet the embed code\n\t\n\n \n \n \n\n\t\t \n \n \n \n\n]]>\n\n\n\n \n\n \n \n\n \n \n \n \n \n\r\n\t\t\t\t\t\t\t\t\t\nvar disableComment = true;\nvar showComment = false;\n\n\t(function(d, s, id) {\n\t\tif (!disableComment && !isMobile.any()) {\n\t\t\t\tvar js, fjs = d.getElementsByTagName(s)[0];\n\t\t\t\tif (d.getElementById(id))\n\t\t\t\t\treturn;\n\t\t\t\tjs = d.createElement(s);\n\t\t\t\tjs.id = id;\n\t\t\t\tjs.src = 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