Trump had earlier touted a “fantastic” deal between TikTok, Oracle and Walmart, saying he had given the deal his “blessing.”
The US Department of Commerce announced Saturday that it is postponing until at least September 27 the ban on downloading the popular TikTok video-sharing app in the United States, which was to take effect on Sunday.
This decision was taken “in light of recent positive developments,” according to a press release issued shortly after Chinese-owned TikTok confirmed a proposed agreement on the management of its US operations involving Oracle as a technology partner and Walmart as a business partner
“We are pleased that the proposal by TikTok, Oracle, and Walmart will resolve the security concerns of the US Administration and settle questions around TikTok’s future in the US,” a spokeswoman for TikTok, owned by China’s ByteDance, told AFP.
Oracle will become the “trusted technology provider, responsible for hosting all US user data and securing associated computer systems to ensure US national security requirements are fully satisfied,” the spokeswoman said. “We are currently working with Walmart on a commercial partnership as well.”
US President Donald Trump had earlier touted a “fantastic” deal between TikTok, Oracle and Walmart, saying he had given the deal his “blessing.”
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