TikTok and Oracle will become business partners in the United States — a deal meant to satisfy the Trump administration's national security concerns, according to a person familiar with the matter.
The news comes after weeks of speculation about the Chinese app's future in the United States. President Donald Trump has demanded the app be sold, or else shut down in the United States.The exact nature of the agreement between TikTok and Oracle remains unclear, but it was not described as an outright sale. The news about Oracle came just after Microsoft announced that it will not buy TikTok's US operations from ByteDance. ByteDance has not responded to a request for comment.
The focus for ByteDance and Oracle will be on"oversight, transparency and how they structure it for Americans involved and the information they have on Americans," said James Lewis, a senior vice president at the Center for Strategic and International Studies, a think tank based in Washington, D.C. Lewis was an adviser on the SoftBank-Sprint deal. He added that an"intermediary entity" could be created to examine ByteDance's relationship with TikTok.
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