Tiktok, China: no reason to ok with "dirty" deal
Trump approves agreement on TikTok, ban postponed to September 27, Oracle and Walmart 20%
TikTok in Italy: + 400% in one year thanks above all to the youngest
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September 28, 2020Carl J. Nichols, District of Columbia federal court judge, granted a petition filed by ByteDance, owner of the TikTok app, to block the United States download ban imposed by the White House.
The ban was supposed to come into force on September 27, but the Chinese company ByteDance had decided to take legal action in recent days, filing an urgent appeal with the federal court in Washington.
November, a week after the presidential election, a restraining order will become effective that could ban the TikTok app in the United States.
Judge Nichols has not, for the moment, filed the reasons for his ruling on the appeal, in which TikTok defined Trump's executive order of August 6 as illegal and in violation of the constitution.An
agreement was proposed last week for the sale 20% of the company's capital to a new US entity, TikTok Global, to the Walmart-Oracle consortium, with the latter set to become the exclusive provider of cloud services.
Trump approved the operation, but he also threatened not to authorize it if total control did not pass to the Americans.
And for now, there appear to be wide differences between the parties involved, particularly on the price of the transaction, which has not been disclosed.