Donald Trump says Oracle a good company, could take over TikTok in US

Days after ordering Chinese company TikTok to sell all its assets in United States, President Donald Trump has w pitched Oracle Corp as a company that could take over. dressing people in Arizona on August 18, Trump said that Oracle was a ‘Great Company’ and can acquire Chinese social media company in America. According to reports, Oracle's chairman Larry Ellison is an ardent supporter of Trump and also held a fundraising event for him in February this year. 

Oracle interested in TikTok

His remarks came as California based software company joined some of or investors of Bytedance, parent company of TikTok in pursuing a bid for short video app’s operations in rth America, Australia and New Zealand. or investors include companies like General Atlantic and Sequoia Capital amongst ors. Trump has alrey given an ultimatum to ByteDance ordering it to eir sell or spin off its American branch within 90 days.

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In an order released on August 14, Trump has cited “credible evidence” for possibility of ByteDance to take action that in turns jeopardises national security of United States. latest executive order is followed by an investigation of ByteDance’s acquisition Musical.ly which was introduced in America in 2017 and n merged with TikTok. 

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In dition, Trump has signed a separate executive order banning American transactions with WeChat and TikTok’s parent company ByteDance in 45 days. orders came after Trump ministration said earlier this month that it is gearing up to purge “untrusted” Chinese apps from America’s digital networks and called Chinese-owned video-sharing social networking service and messenger app as “significant threats”.  Trump on August 13 reportedly said that any deal to sell Chinese-owned social media app TikTok to an American company must substantially benefit nation and provide ‘total security’.

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