Oracle ‘wins bid to buy Chinese app TikTok’s US operation’ reject Microsoft

Back in August, President Donald Trump signed executive orders banning social media apps TikTok and WeChat from operating in the US in 45 days if they are not sold by their Chinese-owned parent companies

In the executive order sign by president Donald Trump, which declares TikTok a “national emergency” Oracle Corporation has reportedly won the bidding for TikTok’s US operations after the Chinese app rejected Microsoft.

This comes after ByteDance disclosed that they would not be selling TikTok’s US operations to Microsoft.

According to Wall Street Journal, Oracle would be announced as TikTok’s trusted tech partner in the United States. The Journal also added that the eventual deal would not be structured as an outright sale.

In the executive order, which declares TikTok a “national emergency”, Mr Trump claims the app “automatically captures vast swaths of information from its users,” such as location data and browsing and search histories, which “threatens to allow the Chinese Communist Party access to Americans’ personal and proprietary information

Potentially allowing China to track the locations of Federal employees and contractors, build dossiers of personal information for blackmail, and conduct corporate espionage.”

Advertisements

For WeChat, which allows its users to transfer funds to each other, the order states it will ban financial transactions with Tencent, a Chinese based company.

According to the order, “any transaction that is related to WeChat by any person, or with respect to any property, subject to the jurisdiction of the United States, with Tencent Holdings Ltd. (a.k.a. Téngxùn Kòngg? Y?uxiàn G?ngs?), Shenzhen, China, or any subsidiary of that entity, as identified by the Secretary of Commerce (Secretary) under section 1(c) of this order.”

Microsoft earlier said in a statement that it was prepared to make changes aimed at protecting national security interests. It said, “To do this, we would have made significant changes to ensure the service met the highest standards for security, privacy, online safety, and combating disinformation, and we made these principles clear in our August statement. We look forward to seeing how the service evolves in these important areas.”

 

, , ,

About Admin

Advertisement, Content marketing and  sponsored post: contact : Kokobest04@gmail.com
View all posts by Admin →