ByteDance talks with the Trump administration to save Tiktok’s US business, ban is to be imposed from September 15
US President Donald Trump has issued a ban order on Tiktok regarding national security.
- Tiktok officials-investors from Central Intelligence Agency
- Microsoft and Oracle are in talks with Bytedance
- Bytedance has challenged the Trump administration’s decision in court
Chinese giant Internet giant Bytedance is in talks with the Trump administration to protect its short video app, Tiktok, from selling American businesses. It states this in a report published on Wednesday by Wall Street General.
Trump has advised Tiktok to sell American business
The relationship between the US and China has been a long-standing problem. The reason for this sourness is the spread of business, Hong Kong’s autonomy, cybersecurity, and coronavirus infection. Tiktok has emerged as a flashpoint in this battle of both countries. US President Donald Trump has set the deadline to sell Tiktok’s US business to Bytedance. Trump wants an American company to buy Tiktok’s US business.
Ongoing conversations with Microsoft and Oracle
Microsoft and Oracle are in talks with Bytedance to buy TickTock’s US business. Both companies have sent their offers to Bytedance. US-based retail giant Walmart has bid together with Microsoft. Tiktok has been downloaded over 175 million times in the US.
Bytedance has challenged Bain’s decision in court
Tiktok’s parent company Bytedance has challenged the Trump administration’s decision to ban the court. Bytedance has said in court that the Trump administration has misused the International Emergency Economic Powers Act. Bytedance says that its short video platform Tiktok is not an extraordinary threat.
Trump calls Tiktok a threat to national security
US President Donald Trump has called Tiktok a threat to national security. Trump claimed that China could use Tiktok to track the location of federal employees. However, Tiktok denied the data share allegations with China. Recently, while talking to reporters, Trump said that if there is no deal on Tiktok till September 15, then we will stop it.
Ban will be effective from September 15
US President Donald Trump has issued an executive order banning TickTock over national security and confidentiality of users’ data. This order will be effective from 15 September. However, Trump has given Ticketcock’s parent company Bytedance a 90-day extension to sell its American business. According to the report, Ticketcock’s delegation recently met officials of the Central Intelligence Agency of the US on seven data of the company’s major investors.