Microsoft (MS) and Oracle have been found to be negotiating TikTalk. Through this, President Donald Trump is planning to secure TikTalk’s global technology control and maintain a minority stake within the byte dance.
The NPR cited two anonymous sources on Monday (25) and reported that investor groups, including Microsoft and Oracle, are negotiating to take over TikTalk’s global operation. Even though it just isn’t a three way partnership on services in the US, it’s noteworthy that it’s negotiations to secure global operating rights.
In line with this, the bytes dance maintains a minority stake in Tic Talk, while the app’s algorithms, data collection, and software updates are supervised by Microsoft and Oracle.
Oracle and White House officials held a gathering on the twenty third, and this week’s follow -up meeting is scheduled. In line with sources, Oracle is inquisitive about stake in Tic Talk, which is a whole lot of billions of dollars, however the position on operating rights remains to be uncertain.
But Oracle already provides many of the server to Tic Talk, and the White House describes this agreement that it desires to effectively monitor and supervise what is going on on in Tic Talk. The source said that the goal of the contract is to “minimize China’s Tic Talk ownership.”
Microsoft and Oracle participated within the acquisition of Tic Talk, led by President Donald Trump in 2020, but didn’t take over. Wal -Mart, which had a consortium with them on the time, was reported to have been missing on this negotiations, judging that the value could be excessive.
President Trump gave a 75 -day grace period to stop TikTalk’s suspension of service and negotiate with US firms. As well as, if the negotiations failed, they even imposed tariffs on China.
He said he would love to take part in the acquisition in addition to CEO of Illon Musk, who’s being reviewed as a TickTalk acquisition negotiator, and he would love to take part in the acquisition.
TickTalk seems to have avoided the suspension of services in the US with the favor of Trump, but this negotiations have been overwhelmed by the US in addition to global service operations. Shoji Chu Tick Talk, CEO of President Trump, attended the inauguration of President Trump, resumed the service, and said it was due to it.
By Dae -jun Lim, reporter ydj@aitimes.com
