The management of US President Donald Trump is working on tapping the software company Oracle, opening new tabs and external investors, and planning to save external investors' groups to effectively control app operation. Masu.
Bytedance, a owner based in Tactoku, holds the company's shares under the contracts negotiated by the White House, but the data collection and software update will be supervised by Oracle. The sources told Reuters.
According to the information streaks, the condition of the transaction is fluid, there is a high possibility that it will change. According to some sources, the entire range of discussions has not yet been set, and it can include US businesses and other areas.
On Saturday, the National Public Radio reported on Tiktok's global operation talks in quoting two people with knowledge of negotiations. There was no comment on the White House and Oracle immediately.
According to the sources, negotiating transactions are expected to participate from the current Ordinance from US investors. Jeff Yasu's Sasuke Hana International Group, the Atlantic Ocean General, Callburg Krabz Roberts (KKR), and Capital are one of the signing US supporters.
Representatives of Tiktok, Baitdance Insiders, KKR, SEQUOIA, and Susquehanna representatives could not immediately seek comments.
One of the information is that the investor group led by the billionaire Frank McCort and Jimmy Donaldson, who is well known as Star Beast on YouTube, is not part of Oracle negotiations. According to it, there is something to compete to get Tactoku.
Under the transaction conditions, Oracle is responsible for dealing with national security issues. Tactoku initially signed a contract with Oracle in 2022, saving U.S. user information, reducing Washington's worries about the interference of the Chinese government.
According to one of the sources, Tiktok management remains to operate a short video app.
This app is used by 170 million Americans, but is temporarily temporarily sold for users, just before the law that it must be sold for or banned for national security reasons. I was offline.
Trump tried to delay the law to delay 75 days after taking office one day later that under the ordinance that there is a risk of misuse American data, it will be 75 days. Signed the presidential order.
ORACLE and THE WHITE HOUSE staff have held a meeting on potential transactions on Friday, and NPR reported that another meeting is scheduled next week.
Oracle says, “I was interested in tens of millions of Tactoku's shares, but the remaining transactions were fluid, stated by the information that the information says.
Trump says, “I want the United States to have 50 % of Tactoku's joint venture.”
The NPR quoted another source and stated that the penetration parliament was regarded as an important hurdle by the White House.
The defenders of freedom of speech are passed by the US Council and oppose Tactoku's prohibition of law signed by former former President Joe Biden.
The company states that US officials misleading the relationship with China and claiming that the recommended engines and user data of the content are preserved in the United States on Oracle -operated cloud servers. Content modest decisions that affect users are also made in the United States
