US President Donald Trump has said he is monitoring the bid by US company Oracle for the US-owned video-sharing app TickTalk, but he wants to make sure there is no compromise with national security before the deal is approved. Ho. Last month, Trump signed an executive order banning TickTock and WeChat, under which both Chinese companies could avoid sanctions by owning an American company.
Microsoft was initially involved in negotiations with TickTalk, although Oracle has now struck a deal with ByteDance. Meanwhile, Bidansense has decided to establish Tikitlock’s world headquarters in the United States. The agency has taken this path to avoid US President Donald Trump’s sanctions.
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Trump told reporters at the White House here that he wanted to make sure there was no compromise with national security before the deal was approved and that the U.S. Treasury would receive a large portion of the business deal. , TickTock will remain the majority shareholder in the new company headquartered in the United States. Technology company Oracle will be a minority shareholder.
The report said Walmart would be another minority shareholder. Global retailer including Microsoft has offered to buy a stake in Walmart TickTalk. People aware of this development said that the detailed structure of the project may change. India has also banned many Chinese apps, including TickTalk, as a threat to national security and sovereignty.