•   
  •   

Entertainment Why the Tiktok deal with Oracle could burst again

20:20  22 september  2020
20:20  22 september  2020 Source:   craft.lead-digital.de

Attacked by Donald Trump, the TikTok application announces a legal response

 Attacked by Donald Trump, the TikTok application announces a legal response Without tangible proof, Donald Trump has been accusing the video-sharing platform for months of siphoning off data from American users for the benefit of Beijing. © afp.com/Lionel BONAVENTURE, JIM WATSON TikTok is threatened with ban in the United States by a decree from Donald Trump which accuses him of spying on behalf of Beijing.

And then there was Oracle ? After insisting that TikTok ’s U.S. operations be sold over national security concerns, the Trump administration now appears What’s next for Microsoft? While its bid for TikTok was opportunistic, the tech giant has demonstrated an openness to a big, consumer-facing deal — so

Some experts think the Oracle deal could be helped along because of Trump's ties to cofounder Larry Ellison, a supporter of the president. Under the terms of the threatened ban, people who already had TikTok on their phones could still post short videos of dances, fun recipes and comedy routines per

Donald Trump recently spoke of the fact that the new Tiktok app will have nothing to do with China. Bytedance now contradicts this and emphasizes that the majority of the short video app will continue to be retained.

Der Tiktok-Deal mit Oracle und Walmart könnte wegen Unstimmigkeiten um die Anteile an der App platzen. © Photo: Unsplash / Kon Karampelas The Tiktok deal with Oracle and Walmart could burst due to disagreements about the shares in the app.

Deal or no deal? The tussle over Tiktok in the USA continues. After US President Donald Trump agreed to a deal with Oracle and Walmart, he spoke of the fact that the new Tiktok app would have nothing to do with China under a new company to be founded, Tiktok Global.

The Tiktok parent company Bytedance now contradicts and risks that a possible deal could burst. Trump does not want China to keep any Tiktok data in China - otherwise the short video app threatens to end in the United States.

Is the Tiktok deal still bursting? China tightens rules for tech exports

 Is the Tiktok deal still bursting? China tightens rules for tech exports © Photo: Shutterstock Trump wants to ban Tiktok in the US, China could prevent a deal. China tightened the reins on the export rules for Chinese technologies over the weekend. That could break a possible Tiktok deal in the last few meters. Just a few days ago, the US retail giant Walmart entered the race for a possible takeover of 's Tiktok activities in the USA, Canada, Australia and New Zealand.

ByteDance and Oracle Corp issued conflicting statements on Monday over the terms of an agreement they reached with the White House over the weekend to allow TikTok to continue to operate in the United States, casting doubt on President Donald Trump's preliminary blessing of the deal .

“Upon creation of TikTok Global, Oracle /Walmart will make their investment and the TikTok Global shares will ByteDance’s deal with Oracle and Walmart allowed it to avert President Trump’s threat to ban TikTok in the Email check failed, please try again . Sorry, your blog cannot share posts by email.

Bytedance wants to keep algorithms

The disagreements arose about the shares in Tiktok. Bytedance made it clear that the global Tiktok business will continue to be run as a subsidiary and that the majority will not be in the USA. "TikTok Global is a wholly-owned subsidiary of Bytedance, headquartered in the US. TikTok Global plans to start a small round of financing before going public. After the financing, TikTok Global will become a holding subsidiary of Bytedance, which holds 80 percent," says Tiktok .

The Tiktok group also emphasizes that the algorithms will not be passed on to Oracle and Walmart. Oracle only got "the authorization to check the source code of TikTok USA. Displaying the source code is a universal solution for multinational companies to allay concerns about local data security."

China does not agree to the deal

Should Trump agree to the deal despite the terms of Bytedance, there is another problem: The government in Beijing is against the agreement. The terms of the deal with the US companies Oracle and Walmart "violate China's national security, interests and dignity," said the "Global Times".

So it remains unclear who - US actors or Bytedance - will have control of Tiktok Global in the US.

court suspends download stop for Tiktok in the USA .
© Andre M. Chang / ZUMA Wire / dpa More time for the Tiktok video app: A court has suspended the download stop in the USA. The popular video app Tiktok has more time to secure its future in the USA undisturbed. A court in Washington suspended the download stop with an injunction, which users would have felt on Monday. At the same time, the judge rejected Tiktok's request to take action against the threat of a complete shutdown for the app in the USA on November 12th.

—   Share news in the SOC. Networks
usr: 3
This is interesting!