TikTok in the EU, the popular app under threat of ban, you can continue to download in this country: Donald Trump gave the green light on Saturday to a draft agreement involving Oracle and Walmart.
“I think it will be a fantastic deal”said the Republican president, before addressing a campaign rally in North Carolina.
“I gave my approval to the deal. If they succeed, so much the better. If not, it will also be fine. ”
The company, a subsidiary of a Chinese group, confirmed shortly after that it was preparing a project involving Oracle as a technology partner in the United States (US) and Walmart as a business partner.
Oracle could buy 12.5% of TikTok’s shares in the US before a future initial public offering and Walmart 7.5%.
According to a source close to the case, ByteDance would keep the rest of the capital. But since 40% of the Chinese company is owned by American investors, the majority of the application would eventually come under the control of american flag.
“We are pleased that the proposal from TikTok, Oracle and Walmart addresses the security concerns raised by the US administration and questions about the future of TikTok in the United States.”
TikTok spokesman in the EU.
If it materializes, such an outcome could extinguish one of the many fires currently burning between Washington and Beijing.
You can also allow Americans keep using this app, very popular with young boys.
“In view of recent positive developments”, the Commerce Department has announced that it will postpone the ban on downloading TikTok at least until September 27, a measure that should enter into force on Sunday, September 20.
On Friday, the Trump administration announced that it would prevent lthe TikTok download in US as of Sunday, as well as WeChat, an application of the Chinese giant Tencent used for messaging, shopping, payments and other services, with about 19 million users on American soil.
Gallery: They have all stopped working with Donald Trump in the White House (StarsInsider)