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President Trump on Tuesday said TikTok’s parent company, Beijing-based Bytedance, and Oracle are “close to a deal” that would have the popular video app’s U.S. operations transfer to the software giant.
“We’re going to make a decision soon,” Trump said, according to Fox News reporter Lydia Moynihan. The president added he has “high respect” for Oracle co-Founder and executive chairman Larry Ellison, who the president added was a “terrific guy.” As TheWrap reported in late August, Oracle moved into the lead to takeover TikTok’s U.S. operations, leapfrogging Microsoft, thanks in part to Ellison’s close ties to the White House.
BREAKING: @POTUS says @tiktok_us @Oracle are close to a deal: “we’re going to make a decision soon… high respect for Larry Ellison, terrific guy, close to a deal.” #TikTok
— Lydia Moynihan (@LJMoynihan) September 15, 2020
The president’s comments come a day after Oracle said it had reached an agreement with TikTok to become its “trusted technology provider” in the U.S. Both companies have not responded to TheWrap’s request for comment on what that means in terms of the overall scope of the deal. President Trump signed an executive order in August …
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