The popular TikTok application, threatened with ban in the United States in the name of national security, will be able to continue to be downloaded in the country: Donald Trump gave the green light on Saturday, September 19 to a project involving Oracle and Walmart.
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“
I gave my approval to the deal.
If they make it happen, so much the better.
If this is not the case, that will also be fine,
”declared the Republican president, before taking off for a campaign rally.
The company, a subsidiary of Chinese group ByteDance, confirmed shortly after preparing a project involving Oracle as a technology partner in the United States and Walmart as a business partner.
Oracle could buy 12.5% stake in TikTok before a future IPO and Walmart 7.5%.
According to a source familiar with the matter, ByteDance would keep the rest of the capital.
But the Chinese company being 40% owned by American investors, the majority of the application would ultimately pass under the American flag.
"
We are pleased that the proposal by TikTok, Oracle and Walmart resolves the security concerns raised by the US administration and resolves questions regarding the future of TikTok in the United States,
" said a spokesperson for the application. to AFP.
Report
If it materializes, such an outcome could make it possible to put out one of the many fires currently smoldering between Washington and Beijing, especially on the technological front.
It will also allow Americans to continue using this application, which is very popular with young people: "
In view of recent positive developments
", the Commerce Department has announced that it is deferring at least until September 27 the ban on downloading TikTok in the United States which was to come into force on Sunday.
Without having made public any evidence, the tenant of the White House has been claiming for weeks that TikTok is spying on Beijing's behalf.
In the name of national security, he had given his parent company ByteDance until Sunday to cede TikTok's activities on American soil to a company "
made in the USA
".
The application, which makes it possible to broadcast short, often musical or humorous videos, has some 100 million users in the United States.
