Bytendance Ltd.’s ticket ok website is displayed on the smartphone in an arranged photograph.
Andrew Herrer | Bloomberg | Getty Images
Of the many questions surrounding the fate of the ticket ok, the biggest would be if the Trump administration, in the U.S., both financially and operationally, would approve a restructuring plan that would control China-based bitcoin.
If you follow his words, President Donald Trump has already rejected this option.
“I set a date around September 15 when he will be out of business in the United States,” Trump said at an Aug. 3 press conference. “But if someone – it’s a Microsoft Microsoft Ft or someone bought it, it will be interesting … so it will close on September 15 unless Micro or Ft or someone else is able to buy it and make a deal, a fair deal, So the United States Treasury gets a lot of money. “
However, according to people familiar with the matter, Bitdance and Oracle The proposal sent to the government will keep the ticket ok under the operational control of Bidens. Oracle’s role will be as a “reliable technology partner”, storing and securing data on US premises. Ticket OK also said it plans to disclose its algorithm to third parties.
According to people familiar with the matter, the U.S. Bytens is in talks with both Oracle and Walmart for a stake in the business, but will not sell for 100% of U.S. assets. It bids farewell to a deal that was completed a few weeks ago at a value of 20 billion to 30 30 billion. The deal fell through at 11 a.m. after China pushed back, saying it would have to approve a deal to export artificial intelligence technology used by Ticket OK.
Byte ance Ness has put forward a proposal to avoid selling U.S. assets or all ticket ok – which Trump said was necessary to avoid sanctions – because of conversations with CFIUS and Treasury officials, according to people familiar with the matter. Bytensens believes its proposal with Oracle is based on the nature of the US government’s concerns with CFIUS’s concerns and data sharing, one person said.
The White House declined to comment. Ticket ok refused to comment, and Oracle did not respond to a request for comment.
It is still unclear whether the Trump administration will accept the proposed bydance deal. Treasury Secretary Steve Munuchin told CNBC on Monday that the US government plans to review the deal this week.
“I will just say from our point of view, we have to make sure that the code, one, secure, Americans’ data is secure, that the phone is secure and we will discuss with Oracle in the near future. A few days with our technical teams,” Munchin said. X “said on.
Kevin Meyer’s plight
If Trump leaves his previous stance, the U.S. will be left without a full sale. Kevin Meyer, the former CEO of Ticket OK, will deal with Trump’s unfortunate hyperbole.
According to people familiar with the matter, the mayor planned to resign with the announcement of the deal. But when news broke to the Financial Times that he was considering resigning when the sale was announced – which was imminent at the time – he slammed the deal announcement and said he would resign immediately.
The rationale for leaving the mayor’s post was that he had signed up to run a global company with US operations, sources said. The deal at the table asked Oracle or Microsoft to receive and operate ticket ok in the US. The mayor did not want to run a US-only company as a division of Micro or Ft or Oracle, and did not want to be CEO. U.S. OK without a ticket (Mayor lives in Los Angeles.)
“I understand that the role for which I have signed up will be very different as a result of the U.S. administration’s actions to force the sale of U.S. businesses – including running a ticket ok globally,” Meyer wrote in a letter to employees. Resigned.
It is now possible that the ticket will be a global company under okdance control, meaning the mayor would have no reason to resign.
There is more irony for the mayor: he was part of a team that played a key role in bringing Oracle to the table as a competitive bidder against Microsoft.com, which, according to people familiar with the matter, sold tickets to the US in July. First entered into negotiations to acquire property.
After India closes the application in late June, the US government will take an interest in a possible ban on tickets. The mayor spoke with Oracle’s chief executive Safra Katz about a possible deal, after talks began with Micro .ft to seize U.S. assets to avoid a ban by Bytens, people said. Katz is on the Disney Board of Directors. The mayor spent more than 20 years at Disney and bid farewell to the company in May for a ticket ok CEO job.
Oracle emerged as Bitdance’s preferred partner in light of the company’s close ties with the Trump administration and its willingness to accept deals where 100% of the assets were not purchased, the two said.
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