TikTok said it aims to go to court on Saturday to oppose an executive Trump administration order that intends to ban the short-form video app from operating in the U.S. unless ByteDance finds an American buyer.
TikTok added that while it had sought to cooperate with the U.S. government to address its national security issues, what it found was a lack of due process since its administration did not pay attention to the facts and attempted to involve itself into private-sector negotiations.
ByteDance has officially announced on Sunday that it would sue the US government to challenge the executive order of the Trump administration.
ByteDance said in a statement released on the official WeChat account of the company, that to ensure that the rule of law is not ignored, and to ensure fair treatment of the business and customers, they will protect their rights and interests through litigation.
Microsoft (MSFT) said earlier this month, following a conversation between CEO Satya Nadella and President Donald Trump, that it was moving ahead with talks to acquire US operations from TikTok. By then Oracle of Larry Ellison (ORCL) has emerged as a possible competing suitor, and Trump claimed last week that he will be supporting such a bid.
On Tuesday Trump said that he thinks Oracle is a fantastic organization and I think its owner is a great guy, a fine person and Oracle will definitely be somebody who can handle it.
The Trump administration has argued that TikTok 's connection to China could result in transferring data from U.S. users to the Chinese government. TikTok has denied those claims, saying it would refuse to give Chinese American data, even if asked.
Experts on cybersecurity say there is a potential risk of the data of Americans falling into the wrong hands, but that there is no evidence to indicate it has happened and that other U.S. tech companies gathering similar data are just as much a surveillance target.
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