Donald Trump announced an executive order on August 6, giving TikTok a deadline of 45 days to sell its operations to a US firm or face a ban in the country.
Trump called the Chinese-owned short-video app TikTok and messenger app WeChat “significant threats.” Thus, TikTok is staring out for all the potential options, the tech companies that may be involved in buying the app.
With not enough time on its help to contract its operations in the US, TikTok is offering every effort to save there app not to ban in the US as banned in India.
TikTok newly proposed the OTT streaming platform Netflix to take its US arm, as per a statement by the Wall Street Journal (WSJ). However, Netflix did not show matters in a deal with TikTok.
Meanwhile, Google Chief Executive Officer (CEO) Sundar Pichai has also stated that the company has no plans to take TikTok, as per Bloomberg. During an interview on the podcast show Pivot Schooled, Pichai was questioned whether Google was performing to purchase the popular video app. “We are not,” he replied.
When an executive order upon the app was issued, TikTok sued the Trump administration in return. “The Executive Order declared by the Administration on August 6, 2020, has the potential to remove the rights of that community without any evidence to justify such an extreme action, and without any due process.
We completely disagree with the Administration’s position that TikTok is a national security threat, and we have combined these objections before. Now is the time for us to act. We do not take suing the government lightly. However, we feel we have no option but to take action to preserve our rights, and the rights of our community and employees,” TikTok in a blog post wrote. TikTok filed the suit Monday in federal court in the Central District of California.
As of now, Microsoft and Oracle have moved the front runners who have shown importance in buying TikTok. Twitter, too, approached the company for a possible deal.
In the past months, TikTok has taken efforts since the executive order to keep its stronghold in the US. It pledged to create 10,000 jobs in the US in the next three years. TikTok also began a $200 million Creators Fund to support ambitious creators who are exploring opportunities to foster a livelihood on the app.