Recent reports suggest that several US investors, including General Atlantic, Susquehanna, KKR, and Coatue, are considering a deal for TikTok's US operations, in collaboration with Oracle to mitigate national security risks and avoid a ban. The plan involves acquiring stakes from current Chinese investors while ensuring the platform remains secure for over 170 million American users. As per existing Congressional mandates, ByteDance must divest its interests to prevent potential misuse by Chinese authorities. The deadline for finding a buyer has been set by President Trump for April 5, reflecting ongoing political scrutiny surrounding the app.
Several US investors, including General Atlantic and KKR, are attempting to join Oracle in acquiring TikTok's US business to address national security concerns.
The bid involves buying out Chinese stakeholders and ensuring data security for American users, crucial in light of Congress's divestment requirements.
President Trump has given the deadline of April 5 for a deal, amid allegations that TikTok could be used by the Chinese government for espionage.
Oracle's involvement as a cloud partner and prospective owner emphasizes the need for transparency and security in managing user data amid political tensions.
Collection
[
|
...
]