According to CNBC reports, Trump said that he is not ready to approve the transaction agreement between Oracle and TikTok.
Trump said the transaction should fully guarantee national security, and he must first see the agreement before signing the agreement, and he will receive a report on Thursday morning.
According to reports, Trump will rule on TikTok’s deal with Oracle in the next 24 to 36 hours. According to sources, Wal-Mart is also expected to cooperate with Oracle, which will own about 20% of TikTok’s US business.
IT Home learned that the US Treasury Secretary Mnuchin said in an interview with the media that the Treasury Department has received a proposal that Oracle, as TikTok’s trusted data security compliance partner, represents the solution to US national security issues. TikTok will continue to use the United States as its headquarters and create 20,000 jobs for the United States without involving TikTok’s core technology transfer. Mnuchin said that the U.S. Treasury Department will review the relevant plans with the CFIIS committee and make recommendations for review to the U.S. President.
TikTok said in a statement on September 15: “It can be confirmed that it has submitted a plan to the U.S. Department of the Treasury. I believe that this plan can solve the security concerns of the US government. This plan can help TikTok continue to support 100 million in the United States. The operation of the user’s platform, users like to establish connections and entertainment on this platform, at the same time, there are hundreds of thousands of small businesses and creators relying on TikTok to make a living and expand meaningful businesses.”
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