Oracle of Larry Ellison billionaire is reported to be a “main contender to help lead Tiks” as the Trump administration works to provide a sault that would avoid a complete prohibition of China’s owned app.
Trump has until April 5 to find a buyer for Tiktok after he issued an executive order in January delaying the implementation of Congress detention for 75 days.
Tiktok briefly went offline in January after Bytedance failed to meet a time limit to sell his shares on national security concerts.
Bytedance wants Oracle, who already serves as the main provider of TIKK’s cloud calculation, to be a partner in a possible deal, reported information, citing conversations with investors, bankers and former executives who are familiar with the opinion of the Chinese company.
Leaded by CEO Shou Zi Chew, Bytedance is also reported to want to take action in TIKTOK operations after an agreement – despite the conditions of Congress law require it to sell.
Tiktok refused to comment. Representatives for the White House and Oracle did not immediately return the commentary requests.
Information reported that Bytedance wants to sign first with a revitalized version of TIKTOK’s “Texas Project” – a previous attempt by the company to conference the Congress that it was not a national security threat by parking user data on Oracle -controlled servers.
This initiative, which failed to kill Congress concerns, also called Oracle to review Tiktok’s source code to ensure it is safe.
Critics have long claimed that Tiktok functions as a spying and propaganda tool for the Chinese Communist Party, which the company has strongly denied.
During a White House event in January, Trump said he was open to the possibility of Ellison or the owner of X Elon Musk by buying Tiktok.
Ellison has not yet publicly commented on his interest, while Musk has said he has no plans to buy the video sharing app.
Trump has also suggested that Microsoft can be included in talks about a Tiktok purchase.
In March, the president said the White House was “dealing with four different groups” and many people want it “but did not specify the names of the bidders.
At the beginning of this month, the president said he would “probably” extend the deadline again if it would be necessary to complete an agreement. He has also suggested that the US government could buy an action in the application through a Sovereign wealth fund as part of a joint venture, though the details remain dark.
Trump is said to have captured Vice President JD Vance to lead sales negotiations.
A group led by billionaire Frank McCourt, “Shark Tank” star Kevin O’Leary and co -founder of Reddit Alexis OHANIAN has campaigned publicly to buy Tiktok and rebuild his recommendation algorithm on American soil.
The group claims to use blockchain technology to ensure users have greater control of how their data is earned.
Others who are known to be interested include an offer that includes Jesse Tinsley’s technology entrepreneur, who reported includes YouTube star “Mrbeast”, whose real name is Jimmy Donaldson.
Dealdo an agreement that includes Chinese ownership is likely to direct Congress law as it is currently written, which requires full departure from the country.
The head of the Intel Committee of the Senate Tom Cotton, a strong proposal of the law, has pledged to provide any agreement that adheres to this standard.
As the post reported last month, a national study found that 77% of Americans were concerned about the constant Chinese ownership of Tiktok.
Apple and Google summarized Tiktok app downloads after receiving guarantees from US Prosecutor General We saw BONDI that they would not face the fine, including a 5,000 fine with users described in the law of sales or banks of Congress.
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