Trump told reporters aboard Air Force One during a flight to Florida that he had received a “tremendous amount of interest” in Tiktok from several companies.
US President Donald Trump said he is in talks with several interested parties on a possible acquisition of Tiktok. A final decision is expected to be made within the next 30 days, Reuters reports.
Trump told reporters aboard Air Force One during a flight to Florida that he had received a “tremendous amount of interest” in Tiktok from many companies.
“I’ve talked to a lot of people about Tiktok, and the interest in Tiktok has been great,” Trump said.
Although the possibility of an agreement with Oracle was previously discussed, the president said that he was not talking to its founder, Larry Ellison.
According to Reuters, the Trump administration is working on a plan that provides for the participation of American investors and the transfer of data collection and updating of Oracle Software Control.
Under the terms of the agreement under discussion, ByTedance will retain a share in the company, but data collection and software updates will be performed under Oracle’s supervision.
Investment cost integrity includes, Kohlberg Kravis Roberts (KKR), Sequoia Capital Isusquehanna International Group. At the same time, the sources of the publication note that the terms of the agreement will remain variable, and the exact value of the negotiations has not yet been determined.
“Many serious people are talking to me about the possibility of buying Tiktok. I will probably make a decision within the next 30 days. Congress gave 90 days. If we can save Tiktok, I think it’s going to be good,” Trump said.
Recall that Trump signed an order on a suspended for 75 days of the ban on a popular application for posting short videos Tiktok, which should have been closed on January 19.
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Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.