TikTok Avoids US Ban After Trump Approves Oracle Deal

Oracle, Walmart fill in details of investment in TikTok Global

Trump Threatens to Block TikTok Deal if ByteDance Stays in Control

"They're going to have total control over it".

TikTok is still under threat of effectively shutting down by November 12 if a deal to sell its USA operations isn't complete by that deadline.

However, Microsoft said on Sunday that ByteDance had turned down its offer, and it remains unclear whether the Chinese firm would shed most of its ownership of TikTok to clinch a deal with the White House.

Ownership is an important aspect of the TikTok deal, as they were forced by the Trump administration to make a deal.

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But many industry groups are not impressed. "But they are the steps we can safely take that will make life a little bit easier". The statistics mean Victoria's coronavirus death count remains at 816 and the national toll is 904.

Trump said the new USA -based TikTok entity - to be called TikTok Global - will be located "most likely in Texas" and will hire at least 25,000 new workers.

" Apart from that, reemphasizing the requirements of a flawless safety blanket for the U.S. nationals, Trump said to the reporters late on Monday before departing the White House, "If we can save (TikTok), we will save it, and if we can't we will cut it off".

China's ministry of commerce said that companies that end up on "unreliable entity" list could be banned from importing or exporting from China, and may be barred from investing in the country. TikTok's parent company ByteDance claimed that it will retain 80% in the new entity and the other 20% will be divided as 12.5% to Oracle and 7.5% to Walmart. "If the reorganization of TikTok under US manipulation becomes a model, it means once any successful Chinese company expands its business to the USA and becomes competitive, it will be targeted by the US and turned into a USA -controlled company via trickery and coercion, which eventually serves only US interests".

While ByteDance said they will get the remaining stake, Oracle said it will be divided among American investors.

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She added, "we don't have agreement on the language yet, but I'm hopeful". For the new bill to pass in the Senate, it will need 60 Democratic votes.

ByteDance was pressured into a deal for TikTok when Trump threatened to ban the app in the USA over national security concerns. This includes four venture-capital firms.

Under the plan, Oracle would acquire a minority stake in a newly formed TikTok that would be headquartered in the US with an independent board approved by the USA government. Moreover, the author thinks that the demand placed by Americans for providing the source code of TikTok to Oracle is preposterous. "And if we find that they don't have total control, then we're not going to approve the deal".

ByteDance will still control the app's AI algorithms. He noted that ByteDance would have "nothing to do" with the app, and if they do, a deal just won't happen.

" Sanson, toujours très compliqué de comprendre son rôle sur le terrain… " — OM
Ce que je regrette, ce sont nos deux entames de mi-temps où on est un peu trop timides et Thauvin nous met un but "à la Thauvin". On a vu la différence entre une équipe qui joue la Ligue des champions et une autre, comme la nôtre, qui va devoir se bagarrer.

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