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The US banned TikTok and WeChat from 20 September, marking them as prejudicial to sovereignty, integrity and security of the country.
In August, Trump had signed an executive order to ban TikTok and WeChat by 15 September unless the ownership of the two Chinese companies changed to American.
ByteDance turned down Microsoft’s previous bid to buy TikTok’s US assets. A deal with Oracle is narrower, appearing more like corporate restructuring.
Trump said he won't extend the mid-September deadline but TikTok’s Chinese owner may need more time to negotiate a deal after new regulations from Beijing complicated matters.
Trump administration can order American companies like Google & Apple to stop carrying the app, but can't stop American teens from finding workarounds to access the website.
Singapore is becoming a regional base for both Western and Chinese companies because of its developed financial and legal system.
These findings may lend ammunition to the Trump administration, which banned TikTok and WeChat after accusing them of bending to China's will in censoring content.
Experts say the President's approach looks like a high stakes real estate deal given that the law doesn't provide for any of the kind of payment Trump seeks.
SoftBank Group Corp.’s Masayoshi Son is already one of India’s greatest foreign backers, having poured money into local startups including Snapdeal, Oyo Rooms and Paytm.
The US is arguing the group isn’t entitled to any evidence as the executive order has no legal effect on them & courts can’t review national security determinations by the president.