It was reported on September 16 that according to a proposal submitted to the US government, byte hop has decided to keep tiktok's headquarters in the United States, according to a proposal submitted to the US government. Oracle will become a minority shareholder in tiktok. The proposal to ban the use of Tik in the United States.
According to the proposal, byte runout is still TikTok controlling shareholder. Oracle will hold a minority stake in TikTok, other u.s. investors may include wal-mart, the world's largest retailer that has bid with microsoft, or wal-mart. People familiar with the process stressed that the details could change.
On Monday, Treasury Secretary Steven
August 6, the u.s. president issued an executive order that TikTok u.s. business must be sold by september 20, and threatened to ban the video app in the u.s. At present, it is not clear whether TikTok equity and management structure can meet his requirements.
Oracle and byte skipping did not comment on this.
After the United States intervened in the sale of tiktok, the Chinese government issued new regulations on technology import and export. According to relevant regulations, byte skipping cannot export its algorithm.
Oracle confirmed on Sept.14 that it had reached an agreement with its TikTok parent company, the byte beat, to become it
However, the agreement still needs to be approved by the US government.
Before the U.S. president threatened to ban TikTok in the U.S., byte beat had discussed a joint venture with Microsoft and Microsoft's small.
However, as the date of the ban threat approaches, the negotiation between byte hop and Microsoft has shifted from a joint venture to a wholly-owned acquisition of tiktok's businesses in the United States, Canada, Australia and New Zealand.
On September 13, Microsoft issued an official statement saying that byte hop rejected the company's acquisition proposal, which Microsoft believed was beneficial to tiktok users and could protect the national security and interests of the United States.