US President Donald Trump went through reviews while signing the decree that continues to work in the country by fulfilling Tikok's security requirements in the Oval Office.
When Trump reminded that they had a “very good” meeting with the Chinese President Shi Cinping, I very much respect him. I hope he respects me a lot. He said.
Michael Dell, CEO of Dell Technologies, Fox Manager Rupert Murdoch and the founder of Oracle, Larry Ellison, who love the United States “4-5 investors are involved in the Trump initiative. Oracle will play an important role in safety, he added.
The US Vice President JD Vance said that they want Tiktok to continue working in the country, even though there was a certain resistance on the Chinese side.
“This agreement means that the Americans can use Tikok more securely than in the past. The data will be safe and will not be used as propaganda weapons against our citizens,” emphasized Vance that they want to protect data protection data protection for Americans as legally required. he said.
Vance, the company will be worth approximately 14 billion US dollars, he said.
Bytedance shares will be less than 20 percent
According to the sales plan in the decree divided by the White House, TikTok's business in the country is carried out by a new joint venture in the USA.
The majority of the joint venture will control American investors, and the proportion of bytedance and connected companies will remain below 20 percent.
The control of algorithms, data storage and software updates will be under the control of the new structure in the USA.
American user data are only saved in a cloud environment of a US company and checked by security partners.
In addition, the Ministry of Justice will not apply the law that paves the way for the ban on Tikkok for 120 days.
A senior officer of the White House announced at the beginning of the week that the technology giant Oracle and Silver Lake, a private capital company, will belong to the Investor consortium that will control Tikok's US activities.
Tikok problem
In its vote on March 13, 2024, the US representative house, entitled “Protection of protection against applications, which were controlled by famous enemies”, had passed the bill. The bill, which also adopted the US Senate, came into force on April 24, 2024 with the signature of US President Joe Biden.
It is intended that bytedance, a law that paved the way for the ban on Tikok on the grounds that it was a “national security threat” in the United States, unless 80 percent of the company's assets transfer us to US partners.
If the US Congress only broadcast the shares through Bytance on January 19, 2025, the decision to prohibit the application in the entire country was approved by the Supreme Court of the United States, but the new President Donald Trump, who started his office on January 20, extended the period on September 16 four times with the presidential decoration.
Trump and SHI dealt with the situation of the company
US President Trump and Chinese President Shi Cinping discussed Tikkok's situation in their telephone conversation on September 19.
After the meeting, Trump said in an explanation of the social media platform based in the USA.
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