President Donald Trump said on Tuesday that TikTok is close to a deal with Oracle. The Chinese video-sharing app maker is seeking to sell its U.S. operations to an American buyer. Microsoft and Microsoft have both rejected TikTok’s offers to buy the company. The proposed deal has been submitted for approval to CFIUS, an interagency group that includes officials from the departments of Treasury, State and Commerce. The Wall Street Journal reports that the proposal calls for Oracle to take a minority stake in TikTok.”]
Source: https://www.inforisktoday.com/blogs/tiktoks-response-to-trump-lets-make-deal-p-2939