Washington (Reuters) -The administration of the US President Donald Trump is working on a plan to save Tikok, which includes typing onto the software company Oracle (NYSE 🙂 and a group of external investors to control the global operations of the app National Public Radio reported effectively on Saturday.
As part of the deal, which was negotiated by the White House, the owner of Tikok, Bytedance, based in China, would maintain a minority stake in the company, but the algorithm, the data acquisition and the app dates of the app would be monitored by Oracle, which is already the basis of TikTok’s offers web infrastructure, reported NPR.
The NPR report quoted two people with knowledge of the talks. The White House and Oracle had no immediate comment.
The possible deal reported by NPR would mean that American investors would have a majority stake in Tiktok. However, the report added that the conditions of the deal could change and are still being worked out.
“The goal is that Oracle is effectively monitored and supervised what is going on with Tikok”, a person who is directly involved in the talks but was not justified to speak publicly was cited by NPR.
“Bytedance would not completely disappear, but it would minimize Chinese property.”
Other potential investors who are involved in the talks are Microsoft (Nasdaq :), reported NPR.
Oracle and the White House officers held a meeting about a potential business on Friday, and another meeting is planned for the next week, NPR reported.
Oracle was interested in a Tikok content “in the ten billion”, but the rest of the business is in the river, the report quoted the source.
NPR cited another source with the statement that the appeasement of the congress is considered a key hurdle by the White House.