Tiktok in the USA in American hands. The Consortium with Oracle at the forefront will take control of the Chinese

The high -ranking representative of the White House informed on Monday that the consortium with the majority participation of American companies will be responsible for the operation of the USA in the USA. This week, US President Donald Trump is to sign an executive regulation on transactions.

A representative of the White House said on a briefing dedicated to the contract that it would allow further and safe use of Tiktok by over 170 million users in the USA.

The agreement provides that the new consortium of companies based in the USA will be responsible for the actions of Tiktok in the US. American investors, including the Oracle IT group and the Silver Lake investment fund, will be the majority in the consortium. Oracle is also to be responsible for the safety of Tiktok. The application is to use a copy of the Chinese algorithm regarding content recommendation, but – as the representative of the administration pointed out – it will be controlled and trained by the American consortium.

The majority of the board will be the Americans And contrary to earlier media reports, a person chosen by the US government will not sit in it – he announced.

White House: Thousands of jobs and hundreds of billions of dollars

The White House representative emphasized at the briefing that thanks to the agreement “thousands of jobs” would be saved and estimated that it would work in the next five years with hundreds of billion dollars in business activities.

A representative of the administration informed that This week, Trump will sign the regulation Executive, in which it confirms that the terms of the Tiktok agreement correspond to American national security and are lawful. It will also extend another pause regarding the suspension of the enforcement of the act prohibiting the operation of Tiktok in the USA.

Patriotic investors will take over the reins. Chinese Bytedance will keep less than 20 percent.

The White House representative emphasized that TRump wants “patriotic investors” to be represented in the consortium. The current owner of the application, Bytedance, is to have less than 20 percent. action.

– We feel confident about the fact that China has agreed to this contract – assured the administration representative. The American government has no subsequent conversations with the Chinese delegation on this subject.

On September 15, the US President announced that commercial talks with China resulted in an agreement on the takeover of Tiktok. On Friday, after talking to China's leader XI Jinping, he agreed for his consent for this transaction.

From Washington Natalia Dziurdzińska (PAP)

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