The US Treasury announced a short while ago, that September 20 is the deadline for the sale of the popular application, “TikTok”. This came, according to Al Arabiya News Channel..
Meanwhile, Chinese company ByteDance has chosen a consortium led by Oracle to deal with TikTok’s short video app operations in the United States, outperforming rival Microsoft, a person familiar with the matter said on Sunday..
ByteDance has been in talks to sell Tik Tok operations in the United States to potential buyers since President Donald Trump threatened last month to block the service if it was not sold..
ByteDance will need the approval of the governments of the United States and China for this deal. Microsoft said earlier on Sunday that ByteDance had informed it that it would not sell it to Tik Tok operations in America.
Sources with direct knowledge of the Tik Tok case in America said that Beijing opposes the compulsory sale Tik Tok operations in the United States by its Chinese owner, ByteDanceAnd prefers to close the short video application in the United States, while it is underway ByteDance Talks to sell a business TikTok Of America to potential buyers, including Microsoft andOracle Since US President Donald Trump threatened last month to block the service if it is not sold.
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