US President, Donald Trump, has approvedOracle’s bidfor the American operations ofTikTok, possibly offering the viral video-sharing app a way to escape a ban in America. In a chat with reporters on Sunday, Trump said:“I approved the deal in concept. If they get it done, that’s great. If they don’t, that’s OK too”, he said. The new company will reportedly be called TikTok Global, and would donate $5 billion to an education fund to align with the US President’s demand that the treasury should make some money off of the deal.
Meanwhile, a US federal judge in California hashaltedthe Trump administration’s ban onWeChat, which was alsoslated to go into effect Sundayalongside TikTok. In her ruling, judge Laurel Beeler said that WeChat users who filed for an injunction against the proposed ban“have shown serious questions going to the merits of the First Amendment claim, the balance of hardships tips in the plaintiffs favor”. The move now ensures that the app will continue to remain available for download on the App Store and and the Play Store in the US for the foreseeable future.
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