According to NPR reports, the Trump administration is negotiating a transaction to see Oracle taking over Tactoku with a new US investor.
Last year, a member of the Diet passed a bill to compensate Chinese parent companies. Seeing Tactoku or being banned in the United States, the app temporarily darkened before the law came into effect on January 20. Prohibited.
At that time, Trump summarized his “first idea” about transactions to save Tactoku.
NPR reports suggest that trading is formed in a place where Oracle controls Tactoku’s global operation.
Trump, Oracle emerged as a potential buyer, trying to force Tactoku to sell during his first term. It didn’t happen, but Tiktok later said that all US traffic had shifted to Oracle server. At a press conference on Tuesday, Trump stated that he would be open for purchasing the app by X’s owner Elon Musk or Oracle Chairman Larry Ellison.
On the other hand, some of the Senator who supported the ban or sales bill has expressed confusion about Trump’s plan, and the law demands that it will be completely sold.