TikTok deal to be signed ‘in the coming days’
The White House is expected to sign the US business in the coming days.
White House spokesman Karoline Leavitt said Tiktok’s details about the future of the United States in the United States were already understood.
“Now this agreement needs to be signed and this will happen, I am expected in the coming days, Lev said Leavitt, Leavitt said on Sunday.
Tiktok’s home company, Pekin -based Baytance, has faced uncertainty about the operations of the US application in the US, with approximately 170 million users.
US officials expressed their concerns that the Chinese government could access a large amount of personal data and use the platform to create a political impact. Tiktok and Baytanlık rejected it.
According to the agreement, Tiktok said, “The Americans in the United States will belong to the majority. On the board will be seven chairs that control the application in the United States, and six of these seats will be Americans,” he said.
The contract will require that all data on American users will be stored in the US cloud computing infrastructure operated by US software company Oracle.
“Data and Privacy will be managed by Oracle, one of the largest technology companies in the United States, and the algorithm will be controlled by the United States, Le said Leavitt.
President Donald Trump is trying to keep a short video application that enacted a law that orders to close until January 2025, if the US assets are not sold by the owner of the goods in 2024.
Trump helped Tiktok re -election last year and has 15 million followers in his personal account. The White House launched an official Tiktok account last month.
Trump gave extensions to the deadline and delayed its implementation repeatedly, although it was a legal basis for it.
Trump delayed the implementation of the law due to Tiktok’s efforts to remove US assets from the global platform, to rank American investors and to describe the new property as a complete liquidation required in accordance with the 2024 law.
In the USA, Bayta – and therefore Tiktok – Chinese companies are seen. ByTedans argues that 60 percent of the company belongs to international investors and is on the Cayman Islands.
However, Baytan has a great center in Beijing and therefore is subject to many Chinese regulations.
Although their founders have only 20 percent shares, they are reported to keep control through shares with more votes.
Wall Street Journal previously reported that US investors and investment companies, including Oracle belonging to Trump supporter Larry Ellison, are expected to keep 80 percent of a new US Tiktok side organization Silver Lake and Andrelesen Horowitz.
With Reuters
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