In an article published by Reuters today, it revealed the inside story that byte jump suddenly gave up selling tiktok’s U.S. business. According to the article, Zhang Yiming has been under pressure from byte hopping investors. Sequoia Capital and pan Atlantic investment group are worried that the sale will lead to the sale of tiktok’s US business. At the same time, Microsoft’s offer of more than $20 billion failed to meet the expectations of byte beating investors, and Microsoft called tiktok a security risk, which disappointed Zhang Yiming. By contrast, Oracle executives’ relationship with trump has increased the chances of an agreement being passed. According to people familiar with the matter, Zhang Yiming, founder and CEO of byte jump, has decided not to seek to sell tiktok’s US business to Microsoft, but to support the establishment of a cooperative relationship with Oracle. This is a sign that byte hop has reached its peak under pressure from investors. At the moment, the company is seeking a deal that meets the requirements of both China and the United States. < p > < p > according to the source, the byte beating investors such as Sequoia Capital and pan Atlantic investment group are worried about the financial impact of the sale, and worry that the selling price of tiktok’s US business will be lower than its actual value, which makes Zhang Yiming choose to sell his shares only to Oracle instead of stripping it completely. < / P > < p > this is a risky move. President trump has made it clear that he wants to see tiktok sell its U.S. business directly to an American technology company. He also threatened to disable tiktok as soon as September 20 If byte skipping doesn’t agree. < / P > < p > at the same time, China also participated in the sale process of tiktok last month, updating its export control regulations, thus gaining a say in technology transfer, such as tiktok’s recommendation algorithm. Chinese officials have said byte skipping should not be coerced into an agreement by the United States. < p > < p > according to people familiar with the matter, Microsoft executives have become increasingly frustrated over the past week as byte hopping no longer responds to Microsoft’s more than $20 billion offer. In addition, Microsoft’s offer will be based on tiktok’s performance in the future to byte hopping additional payments. < / P > < p > Microsoft’s offer failed to meet the expectations of byte beating investors. In order to persuade the trump administration and US Congressmen, Microsoft defended its takeover offer, but also hurt Zhang Yiming, because Microsoft called tiktok a security risk they could solve. By contrast, byte skipping has insisted that its ownership of tiktok does not pose such a risk. At the same time, Sequoia Capital and transatlantic investment group have been working with oracle on an alternative agreement that will prevent the complete sale of tiktok’s US business, according to sources. < p > < p > the coldness of byte skipping worried Microsoft, so Microsoft asked byte skipping whether it had lost the battle for tiktok’s US business. Microsoft also asked if it could change the structure of the deal to match Oracle’s offer. Byte skipping responded that even if Microsoft provided the same structure and terms, the company would still choose oracle. Oracle has been working out potential trading arrangements with byte hopping investors in the past few weeks, making byte hopping investors and Zhang Yiming more comfortable with their partnership, the source said. < / P > < p > byte skipping and Microsoft have not commented. Oracle declined to comment, citing only a statement that it confirmed its participation in a proposed agreement earlier on Monday. Sequoia Capital and pan Atlantic declined to comment. < p > < p > in the past few days, byte hopping has been very active in developing a deal proposal that will allow byte skipping to retain a small number of tiktok shares while allaying security concerns in the United States. Zhang Yiming called the deal “restructuring” in discussions with other byte skipping executives. A source said the arrangement was similar to a joint venture. < / P > < p > Oracle is in talks to secure a sizable minority of tiktok’s US operations, with the remainder being held by large investors with byte jumps, such as Sequoia Capital and pan Atlantic investment group. Oracle will also take over the management of TikTok US data and be responsible for its security. It is unclear how much the deal will value tiktok’s US business, which has up to 100 million users. < / P > < p > the agreement also requires the U.S. Foreign Investment Commission (CFIUS) to approve the appointment of directors of tiktok’s U.S. business and tiktok’s relationship with major suppliers. The arrangement is similar to the conditions that CFIUS approved Lenovo’s acquisition of IBM PC business in 2005 and Softbank group’s acquisition of sprint, a US wireless operator, in 2013, the source said. It also plans to argue that CFIUS approved the acquisition of us insurer Genworth financial by China Oceanwide holdings two years ago, setting a precedent for its proposed cooperation with Oracle. In that deal, China oceanwide agreed to use a third-party service based in the United States to manage Genworth’s US policyholder data. Byte skipping will argue that the company’s similar arrangement with Oracle can protect the data of TikTok US users. < p > < p > according to sources, byte skipping has made other concessions to attract trump. Byte hopping has proposed that tiktok create 25000 jobs, far more than tiktok currently employs just over 1000 people in the United States. < / P > < p > byte beat also hopes that the fund-raising activities held by Oracle founder Larry Ellison for trump, and safra Catz, Oracle’s CEO, who served as Trump’s transition team four years ago, will improve the chances of its agreement with Oracle to be approved by trump. < / P > < p > so far, the White House has not taken a position on its discussion with byte skipping, and it is not clear whether the proposed proposal will be carried forward. On Monday, U.S. Treasury Secretary manuchin said CFIUS would review the agreement this week and then make recommendations to trump. The White House has not yet commented. < / P > < p > according to China’s new export control regulations, if byte skipping wants to transfer the tiktok algorithm to foreign buyers, it needs to obtain the approval of China’s regulatory authorities. According to the source, the agreement between byte skipping and Oracle does not require the former to apply to the relevant Chinese authorities for the export license of tiktok algorithm. [image] Google secretly tests 6GHz networks in 17 states of the United States