The Donald Trump administration is developing a plan that will allow TikTok to continue operating in the United States. To do this, it is planned to attract the American software development company Oracle and a group of external investors to ensure effective control over the global operations of the short video service. NPR reported this with reference to sources knowledgeable about the progress of the negotiations.
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According to the draft agreement, the Chinese company BYTEDANCE, which belongs to Tiktok, will save the minority share in the service. However, the application algorithm, data collection and updates will be controlled by Oracle, which already ensures the functioning of the Tiktok webin infrastructure.
«The goal is that Oracle effectively monitor and ensure supervision of what is happening with Tiktok, ”said NPR, who is directly involved in the negotiations. He noted that ByTedance will not be completely removed from the business, but its possession will be minimized.
According to another source participating in the discussion, the leaders of Oracle and representatives of the White House met Friday about a potential transaction. Another meeting is scheduled for the next week. Oracle is interested in the share of Tiktok, estimated at tens of billions of dollars, but the rest of the transaction are still discussed. Among potential investors involved in negotiations, Microsoft is also mentioned.
Rumors about the upcoming deal are contradictory. According to Reuters, Donald Trump told reporters on board on board Air Force One during the flight in Florida that he is negotiating with several companies on the purchase of Tiktok and will probably make a decision on the future of a popular application over the next 30 days.
When asked if there will be a deal with Oracle and other investors, Trump answered negatively: “No, not with Oracle. Numerous people, very serious people, talk to me about the purchase, and I will make a decision, probably over the next 30 days. Congress took 90 days to resolve the issue. If we can save Tiktok, I think it will be good, ”the US President said.
According to Reuters sources, the terms of the transaction under discussion suggest the participation of current American investors investors, including Susquehanna International Group, General Atlantic, Kohlberg Kravis Roberts (KKR) and Sequoia Capital. According to the interlocutor of the NPR, the main problem in the White House is the achievement of agreement with the US Congress. Congress insists on the ban on Tiktok in the United States if BYTEDANCE refuses to sell the company.
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