The deadline is approaching for TikTok to be sold, shut down, or find an alternative solution that satisfies President Trump’s administration. After tech firm Oracle said it was part of a proposal submitted to the administration as a “trusted technology provider”, more details have emerged of the plan.
“ByteDance will place TikTok’s global business in a new US-headquartered company with Oracle investing as a minority shareholder,” reported the Financial Times. “As part of the proposal, Oracle will have a stake in the whole of TikTok and not just the US operations.”
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