United States, TikTok: Download ban postponed until September 27. Trump ‘blesses’ deal with Oracle and Walmart: “fantastic”

The US restrictions on TikTok were postponed for a week until September 27. This was stated by the Department of Commerce, noting that the postponement of the application download ban was decided on the recommendation of Donald trump. The stop should have activated in the next few hours, on the night between Sunday and Monday. But after ongoing negotiations and the blessing of the deal with Oracle and Walmart, a postponement was decided.

In a statement, the Commerce Department explained that the decision was made “in light of recent positive developments” after TikTok confirmed a proposed deal to manage its US operations involving Oracle as a technology partner and Walmart. . as a business partner. In fact, the US president approved the agreement to purchase the US assets of TikTok by Oracle and Walmart.

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“I think it will be a fantastic deal,” he said. “I have given my blessing to understanding.” “We are close to an agreement with TikTok,” he reiterated later overnight speaking in North Carolina.

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Trump had assured that the new company would be “wholly owned by Oracle and Walmart.” According to the US president, the agreement will allow the creation of “twenty-five thousand jobs in the United States” and a headquarters in Texas for a company that, he said, “will have nothing to do with China” but will continue to be called TikTok. . “It will be 100% safe,” he emphasized.

TikTok confirms agreement with Oracle and Walmart

TikTok announced an agreement with Oracle as a US technology provider and Walmart as a business partner. “We are delighted that the proposal from TikTok, Oracle and Walmart will resolve the security concerns of the US administration and resolve doubts about the future of the application in the United States,” said a spokesperson for TikTok, owned by China ByteDance.

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Oracle will become the “trusted technology provider responsible for all US user data and the protection of associated computer systems to ensure that US national security requirements are fully met,” the spokesperson said. “We are also currently working with Walmart on a commercial partnership,” he added.

Oracle will be a minority investor in TikTok Global, of which it will be a technology partner, or more exactly one reliable technology provider. The IT multinational itself made it clear in a note, underlining that it will have 12.5% ​​of TikTok Global.