U.S. President Trump will meet on Wednesday to consider a proposal to divest TikTok's U.S. operations from its Chinese parent company ByteDance. The proposal includes Oracle and Blackstone forming a joint venture, with Oracle providing security for U.S. data. Trump stated that he would consider dropping tariffs imposed on China to ensure Beijing's support for the sale.
TikTok sale agreement, it is reported that Oracle Corporation and Blackstone are both involved.
According to Bloomberg, with only a few days left until the deadline for the sale of TikTok, U.S. President Trump will meet on Wednesday to consider a proposal to separate TikTok's U.S. operations from its Chinese parent company ByteDance. The proposal includes Oracle and Blackstone forming a joint venture, with Oracle providing security for U.S. data while possibly handing over the app's algorithm to China.
Sources say that Trump will consult with Vice President JD Vance and other officials who helped negotiate the forced sale.
Oracle bone script will provide data security for the United States.
According to reports, Oracle will acquire a minority stake in a new American entity. Based on a proposal that has circulated within the government, Oracle will provide security for American data, but may hand over the valuable algorithms of the application to the Chinese.
As part of a collaboration called "Project Texas," Oracle has built a significant cloud infrastructure business to partner with TikTok. It is also being used to help the app block sensitive American user data from ByteDance, although the plan ultimately failed to gain approval from Washington regulators.
Trump considers dropping tariffs on China to facilitate agreement.
Trump must find a buyer for TikTok's U.S. operations before April 5, or the app will be banned in the U.S.; however, Trump has expressed a willingness to extend the deadline if necessary. Last year, bipartisan lawmakers in the U.S. passed this law, which was signed by former President Biden, aimed at addressing concerns about the Chinese government potentially collecting sensitive data from American citizens.
Trump has already extended the deadline from the initial 1/19 once. Even if he signs the proposal, it still needs to be approved by TikTok's parent company and the Chinese government.
But he doesn't seem worried about the upcoming deadline. This week, Trump stated that there are many stakeholders interested in the application. He also mentioned that he would consider dropping the tariffs imposed on China to ensure Beijing's support for the sale.
This article TikTok US ban countdown, Trump considers drop tariffs to facilitate agreement first appeared in Chain News ABMedia.
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The countdown to the TikTok ban in the United States is on, and Trump is considering lowering tariffs to facilitate an agreement.
U.S. President Trump will meet on Wednesday to consider a proposal to divest TikTok's U.S. operations from its Chinese parent company ByteDance. The proposal includes Oracle and Blackstone forming a joint venture, with Oracle providing security for U.S. data. Trump stated that he would consider dropping tariffs imposed on China to ensure Beijing's support for the sale.
TikTok sale agreement, it is reported that Oracle Corporation and Blackstone are both involved.
According to Bloomberg, with only a few days left until the deadline for the sale of TikTok, U.S. President Trump will meet on Wednesday to consider a proposal to separate TikTok's U.S. operations from its Chinese parent company ByteDance. The proposal includes Oracle and Blackstone forming a joint venture, with Oracle providing security for U.S. data while possibly handing over the app's algorithm to China.
Sources say that Trump will consult with Vice President JD Vance and other officials who helped negotiate the forced sale.
Oracle bone script will provide data security for the United States.
According to reports, Oracle will acquire a minority stake in a new American entity. Based on a proposal that has circulated within the government, Oracle will provide security for American data, but may hand over the valuable algorithms of the application to the Chinese.
As part of a collaboration called "Project Texas," Oracle has built a significant cloud infrastructure business to partner with TikTok. It is also being used to help the app block sensitive American user data from ByteDance, although the plan ultimately failed to gain approval from Washington regulators.
Trump considers dropping tariffs on China to facilitate agreement.
Trump must find a buyer for TikTok's U.S. operations before April 5, or the app will be banned in the U.S.; however, Trump has expressed a willingness to extend the deadline if necessary. Last year, bipartisan lawmakers in the U.S. passed this law, which was signed by former President Biden, aimed at addressing concerns about the Chinese government potentially collecting sensitive data from American citizens.
Trump has already extended the deadline from the initial 1/19 once. Even if he signs the proposal, it still needs to be approved by TikTok's parent company and the Chinese government.
But he doesn't seem worried about the upcoming deadline. This week, Trump stated that there are many stakeholders interested in the application. He also mentioned that he would consider dropping the tariffs imposed on China to ensure Beijing's support for the sale.
This article TikTok US ban countdown, Trump considers drop tariffs to facilitate agreement first appeared in Chain News ABMedia.