A preliminary deal to maintain TikTok alive in america is not going to contain the federal authorities taking an equity stake or a “golden share” within the social media firm, a senior White Home official stated Monday.
The official confirmed that the deal will base the favored video app’s U.S. operations within the states as a part of a brand new three way partnership with a board of administrators that may have a majority of American members.
Tech big Oracle will oversee its safety operations, the official stated throughout a name with reporters.
Since President Donald Trump took workplace in January, america authorities has secured a golden share in U.S. Metal and brought an fairness stake in Intel.
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