Oracle Deal News Breaks Media Just One Hour After Microsoft Officially Announced - Company
On August 6, Trump signed an executive orderblocking all transactions with ByteDance. The order required a US company to acquire TikTok's US business. The project was scheduled to come into effect within 45 days. The president initially threatened a September 15 deadline for the sale of TikTok, and then set a November 12 deadline, threatening a potential ban. This has led TikTok to sue the Trump administration over an alleged lack of due process and the possibility that China will block the deal or allow it to be sold without its core algorithm.
Oracle has reportedly had a long history of partnership with the US government, making its partnership with TikTok an important strategic move for Washington.
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