Oracle, a US-based information technology company, will become a business partner in the US operations of the small video-sharing app TikTok, taking over from Microsoft.
But in the end, the governments of the two countries will decide whether the contract of the Chinese company BiteDance, owner of Tiktok, will go ahead with Oracle, reports Deutsche Welle.
The news comes after weeks of speculation about the future of the Chinese app in the United States, CNN reports. President Donald Trump has demanded that the app be sold or shut down in the United States.
A month ago, US President Donald Trump announced that several Chinese apps were stealing data from the US. Internal security in the US is compromised by those Chinese apps. Trump said that apps like TikTok would be banned in his country by mid-September. However, if a US company buys it, it may not be banned.
Following Trump’s announcement, tech giant Microsoft began preparations to buy TikTok’s responsibility for US operations. The tech world had speculated that Microsoft would also buy TikTok in the September auction. Microsoft also participated in Sunday’s auction. But on Sunday night, Microsoft announced that its auction had been cancelled. Soon after, another US tech giant, Oracle, set up a platform with a consortium or multiple companies to buy US shares of TikTok from ByteDance.
Experts don’t believe the bite-and-dance deal with Oracle has been sold. According to them, Oracle is responsible for running TikTok in the US and its information. ByteDance will not interfere there, as is the agreement.
However, there are considerable doubts as to whether ByteDance’s deal with Oracle will be fruitful. The deal will only be finalized if the US and Chinese administrations give the green light. At the moment, the relationship between the US and China has reached a point where many people think that the two heads of state cannot give up on the deal.
In particular, according to close associates of Donald Trump, the US President wanted Microsoft Nick to be in charge of the tick. Experts believe that the way Oracle has taken responsibility for forming the consortium could create considerable complications.
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Categories: Technology
Source: vtt.edu.vn