Politics TikTok: Beijing unwilling to approve the agreement between ByteDance and Oracle, according to the press
Meadows Warns Any TikTok ‘Repackaging’ Won’t Meet U.S. Goals
White House Chief of Staff Mark Meadows said he’s concerned that Oracle Corp.’s bid for the Chinese-owned video app TikTok may be a “repackaging” that won’t meet President Donald Trump’s goals. © Bloomberg Oracle Corp. headquarters campus stands in Redwood City, California, U.S., on Tuesday, Aug. 18, 2020. Oracle Corp., the worlds second-largest software maker, is weighing a surprise bid for part of TikToks business, seeking to rival Microsoft Corp. in the race to acquire the viral video streaming app, according to people familiar with the matter.
USA-TIKTOK-CHINA: TikTok: Beijing reluctant to approve the agreement between ByteDance and Oracle, according to the press
SHANGHAI PRESS (Reuters) - The agreement that the Chinese ByteDance has concluded with the Americans Oracle and Walmart for the future of the TikTok application in the United States is unlikely to obtain government approval in Beijing, the official Chinese press wrote on Monday evening.
ByteDance has let it be known that it intends to create a US subsidiary of TikTok, partly owned by Oracle and Walmart and mainly run by the Americans, in an effort to ease tensions with the Trump administration which threatened to ban the video application for security reasons.
TikTok’s Owner Is Getting Surer Beijing Will Okay U.S. Deal
TikTok-owner ByteDance Ltd. is getting more confident its envisioned alliance with Oracle Corp. will pass muster with China’s regulators, a critical step in the political clash over the popular video app, people familiar with the matter said. © Bloomberg The download page for ByteDance Ltd.'s TikTok app is arranged for a photograph on a smartphone in Sydney, New South Wales, Australia, on Monday, Sept. 14, 2020. Oracle Corp. is the winning bidder for a deal with TikTok’s U.S. operations, people familiar with the talks said, after main rival Microsoft Corp. announced its offer for the video app was rejected.
"These terms clearly show Washington's bullying style and rogue logic. They harm China's national security, interests and dignity," the Global Times tabloid editorial said. nationalist published by the People's Daily - the official organ of the Chinese Communist Party (CCP).
Over the weekend, ByteDance and Oracle announced that they had reached an agreement capable of satisfying the will of Donald Trump, who called for TikTok to be sold to an American buyer on pain of a ban in the United States. . However, the two groups have issued conflicting statements on the terms of the deal.
(Josh Horwitz; French version Jean Terzian)
Judge's ruling creates fresh hurdle for Trump's TikTok ban .
The decision by a federal judge Sunday to temporarily block a federal ban on TikTok marks another setback to President Trump's efforts to quickly overhaul how the Chinese-owned platform does business in the U.S.The ruling also creates more confusion around the wildly popular video app's continued U.S. operations. Beijing-based ByteDance has yet to receive final approval from the federal government on its new business arrangement with Oracle and Walmart, and the pending deal does not appear to require the Chinese company to fully divest itself of TikTok.