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– I have given my blessing to the agreement. If they agree, that’s great. If they don’t, that will be fine too, he said.
Walmart is also part of the agreement.
The deal will allow Tiktok to continue to be used in the United States and will likely mean that a new company will start with an office in Texas, Trump says.
According to him, the new company will employ at least 25,000 people and donate 5,000 million dollars, which is equivalent to just over 45,000 million Norwegian crowns, to an educational fund for Americans.
In the past, Trump threatened to block the app because, according to him, it poses a security threat. According to the plan, the restrictions would be introduced with effect from next week. The US Department of Commerce states in a statement that the ban on downloading Tiktok has been postponed until at least September 27.
Oracle claims that under the agreement it will host all data on US citizens. The company will also own 12.5 percent of the shares in Tiktok.
Tiktok says in a statement that both Oracle and Walmart will have the opportunity to purchase up to 20 percent of Tiktok’s shares. The company says it is also working with Walmart to establish a “trade association,” without elaborating.
Approximately 100 million Americans use the app.
(© NTB)
