Topline
President Donald Trump pushed back the report that the tech company was considering buying Oracle Tiktok, but said he was active in selecting the buyer after a delay in a law that took office before he took office. The app was temporarily banned on the app.
President Donald Trump is talking to reporters after signing executive orders in the Oval. … [+]
Key facts
Trump Told reporters On Saturday, he has “talked to many people about Tuck Talk” and his administration “will make a decision on it in the next 90 days.”
He said he “never talked” about the deal with the billionaire Oracle co -founder Larry Allison NPR Report The company is talking to take control of the app.
Outlet reported that the White House is negotiating an agreement with a group of investors and investors that will allow the current owner of Tiktok, the Chinese company bytewright to keep the minority shares in the company, while Oracle has his own It controls the algorithm, data collection and software updates. According to two unidentified sources familiar with the agreement presented by the NPR.
The reported plan will “minimize Chinese ownership” of Tick Talk, but will allow Oracle to effectively provide monitoring and monitoring of what is happening with Tick Talk, “one of the sources The NPR told the NPR, who noted that Oracle and White House officials met Friday and each other. The meeting is set for next week.
Microsoft is also a potential investor, according to the NPR, who reported that the contract was “in the flow” and that Oracle was trying to participate in “tens of billions”.
The larger number
$ 200 billion. According to one of the sources quoted by the NPR, bytenship dance believes how much it can sell to Talk Talk.
And who can buy a ticket?
Trump signed an executive order that extended the deadline for 75 days to complete the sale of Tick Talk, delayed the ban, which temporarily implemented before the January 19 deadline. The law was approved by Congress last year, in which a non -sugar was mandatory for the sale of the app. The company has allegedly submitted offers by several potential buyers, including Perplexity AI and Internet Advocacy Group, Project Liberty. Chinese government officials have also seen Tesla’s CEO and Trump’s trusted Elon Musk as a potential buyer, Bloomberg Reported At the beginning of this month. According to the Wall Street Journal, Bobby Kotak, a former CEO of Activation Blazard, has also expressed his interest and spoke to Open AI CEO Sam Altman, to help finance the deal, Former Treasury Secretary Steve Manuchin said in March last year that he was working for the deal. Poor investors to buy the app. Trump has repeatedly proposed the idea that the US app may have 50 % ownership, though the terms of such management are not clear, including Trump means a US government or US investor, according to a source of dialogue. And it is cited. NPR
Which we don’t know
Will the Congress agree with the White House deal? The bilateral law makes a “qualified division” compulsory from the bytenship – a language that the Trump administration can interpret extensively, but still needs Congress approval. It is unclear how the new owner will completely eliminate the influence of byte dance on the app, the NPR reported citing Sara Craps, a colleague of the Brookings Institution, which doubts the possibility. Is the “Chinese control over data and algorithms” completely eliminated? Chinese regulators should also approve the deal and recently suggested that they are ready to do so after years of opposition.
Read more
These billionaires, companies and investors can buy tiktok – as Oracle allegedly weighing the deal with Trump (Forbes)
Live -updates ban Talk Talk: Trump stopped ban for 75 days – after attending the CEO’s opening ceremony (Forbes)
The Supreme Court upheld the ban on tricks – what to know here (Forbes)
