US government analyzes proposals to maintain application operation in the country after suspension in January
United States President Donald Trump said on Saturday (25.jan.2025) that he should make a decision on the future of Tiktok in the country in the next 30 days. In conversation with journalists during presidential flight to Florida, he said there are discussions in progress with different groups interested in the application.
A Reuters He reported that the American administration works in a plan that involves the Oracle software company and external investors to take control of application operations. According to sources heard by the agency, the proposal would allow Bytedance, the current owner of Tiktok, to maintain participation in the company.
Tiktok was down in the US on 18.Jan.2025 after court decision, which alleged national security issues due to Bytedance’s headquarters to be in China. The app again operated the next day, after Trump postponed the ban. Upon taking office, he signed executive order extending the operation of Tiktok for 75 days.
According to Reuters sources, the negotiating agreement provides that Bytedance maintains participation in the company, while Oracle would supervise data collection and software updates. Tiktok’s current management would remain responsible for the application of the application.
Trump said he did not talk directly to Oracle’s president of Oracle about the purchase. Asked about a possible deal with the company, he stated: “No, not with Oracle. Several people are talking to me about buying the app. Congress gave 90 days. If we can save Tiktok, I think it would be a good thing. ”
Others in the app include a group led by billionaire Frank McCourt and another involving Jimmy Donaldson, known as Mr. Beast of YouTube. According to sources, these groups do not participate in current negotiations with Oracle.
