The impending ban of WeChat via an Executive Order from President Donald Trump was halted by a California judge on Sunday, hours before the app was due to be removed from Apple's App Store and Google Play in the United States.
Following the verbal approval of a deal to save TikTok by President Donald Trump, TikTok along with Oracle and Walmart have issued statements confirming their involvement in negotiations, as well as offering more details of a plan of action.
A deal between Bytedance and Oracle to keep TikTok alike in the United States has been given the approval of US President Donald Trump, Just over a day before access to the app would have been curtailed in the United States.
After a back-and-forth about terms of the deal with the federal government, Oracle and a range of investors are set to take ownership of TikTok's U.S. operations in a deal awaiting approval from President Donald Trump.
ByteDance may not hand over the code used to build TikTok's algorithm as part of its sale to a US buyer, a report claims, with the Chinese tech company apparently informing bidders and authorities in the US about the change in stance.
TikTok's long-awaited legal challenge against a presidential executive order that would effectively ban the app in the United States has arrived, with the video sharing service suing to "protect our rights, and the rights of our community and employees."
Video sharing platform TikTok is going to take on the presidential executive order in a new legal challenge as early as Monday, a report claims, as the embattled app tries to shake off the impending ban on transactions.