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The Trump governance is negotiate a deal that would see Oracle take over TikTok alongside new U.S. investors , according toa account by NPR .
Lawmakers passed a bill last twelvemonth drive Chinese parent company ByteDance to either trade TikTok or see it banish in the U.S. The appbriefly move darkbefore the law took effect on January 20 — until incoming United States President Donald Trump aver he wouldissue an executive rescript delay the ban .
At the clip , Trump also delineate his “ initial thought ” on a deal to save TikTok — create “ a joint speculation between the current owner and/or new proprietor whereby the U.S. have a 50 % ownership . ”
NPR ’s coverage suggests that a deal is now shaping up where Oracle would take control of TikTok ’s global operations while ByteDance retains a nonage bet .
trumpet attempt to pressure TikTok to deal during his first terminal figure , with Oracle emerging as a potential buyer . While that did n’t encounter , TikTok by and by enunciate itshifted all its U.S. trafficto Oracle server . And at a press conference on Tuesday , Trump suppose he ’d be opento either X proprietor Elon Musk or Oracle chairman Larry Ellison buying the app .
Meanwhile , some of the senators who supported the proscription - or - sell poster haveexpressed confusedness about Trump ’s plansand pronounce the jurisprudence expect ByteDance to amply divest .
