When Trump officially took over as the 47th President of the United States, he also signed a new executive order to postpone the TikTok US banat least 75 days, and currently morediscloseThe future of TikTok will be decided within 30 days at the earliest.
Trump stated that he has recently held talks with a number of parties interested in acquiring TikTok's US operations and expects a decision to be made within the next 30 days. Even if no conclusion is reached within the next 30 days, Congress will provide TikTok with up to three months to find a solution.
However, Trump denied discussing the acquisition of TikTok with Oracle. Previous reports indicated that the White House is currently coordinating for Oracle and other US companies to acquire a majority stake in TikTok, reducing the shareholding ratio of parent company ByteDance, and having Oracle be responsible for supervising TikTok's use of software, algorithms and data collection methods.
In addition to Oracle, Elon Musk and others who are interested in acquiring TikTok, even Microsoft is rumored to be interested in the acquisition, but there is no confirmation yet.
