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Under pressure from US President Trump, the Chinese owner of Tiktok has to sell his US business. The Windows giant did not win the tender.
The race for the Tiktok business in America is apparently over.
Photo: Keystone
Time is running out for TikTok in the US After Beijing blocked the way for Microsoft to buy the American business, there should now be a solution with software company Oracle as a US partner, according to media reports.
In the fight for the future of the popular US video app TikTok, a last-minute deal is looming with the participation of software company Oracle. However, this is no longer a sale of the US business, but only a role for Oracle as a “technology partner” in the US market.
Trump’s reaction is not yet known
As the US media reported Monday night, it was initially unclear whether this solution would satisfy US President Donald Trump. With reference to data security, it originally set TikTok’s Chinese owner, ByteDance, a deadline in mid-September to part with the American business.
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 its TikTok business in the United States, Canada, New Zealand and Australia.
Tiktok suspected of espionage
The Chinese government had previously positioned itself to block such an agreement. According to the new regulations of the end of August, “IT technologies with personalization based on data analysis”, among other things, can only be sold abroad with the approval of the government. The 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.
Ban ray of the president of the United States
In early August, he 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.
Another Trump decree is due to take effect in mid-November, according to which ByteDance must be separated from all user data in the United States. ByteDance also cannot own any property in the US that is used for the operation of TikTok. TikTok rejects the allegations and emphasizes, among other things, that data from American users would not be transmitted to China.
New territory for Oracle
Oracle has no experience with social media, but it is a cloud service provider and, for example, is one of the service providers of the Zoom video conferencing service. Larry Ellison, 76-year-old co-founder of Oracle, is considered one of the most prominent Trump supporters in Silicon Valley.
The “Wall Street Journal” reported that the White House and a body responsible for foreign investment in the United States now have to approve the deal. The “New York Times” and Bloomberg Financial Service also wrote that Oracle should act as a technology partner. TikTok declined to comment.
