TikTok maker ByteDance wouldn't want to sell the app to an American company anyway, because Trump is now no longer president of the United States.
A source reports this to the Chinese newspaper
South China Morning Post
Last week it became clear that the deal between TikTok and Oracle had been shelved.
Now it is claimed that the deal will not go through at all.
Trump tried to ban the popular video app in the United States during his presidency, fearing it was being exploited by Chinese intelligence agencies to spy.
Several judges stood in the way of the ban.
The then president was willing to renounce the ban if an American company was allowed to take over TikTok's operations in the country.
Software company Oracle turned out to be willing to buy the social network.
'Deal conceived for Trump'
"That deal was designed to meet the demands of Trump's government," said the source of the Chinese newspaper.
"Now that he's gone, the reason for the deal has also disappeared."
According to the source, one of the founders of Oracle was a supporter of Trump, which is why the company has been nominated.
ByteDance would consider a new approach in the United States.
By retaining data in US data centers, the company hopes to counter criticism from the country.