Washington (Reuters) -The administration of US President Donald Trump is working on a plan to save the Gold involving software Oracle company (NYSE 🙂 and a group of investors outside to effectively control The global operations in the app, reported to National Public Radio. On Saturday.
Under the agreement negotiated with White House, the Chinese-based topic, bytedance, remain a minority stake company, but app algorithm, software collecting and updating software Oracle will be attributed, which gives foundation to the bull. The web infrastructure, reported in NPR.
NPR report deals with two people with knowledge of talks. The White House and Oracle have no immediate comment.
The possible deal reported by NPR means that American investors own the most stake on the gesture. However, the report adds that the terms of the agreement can be converted and still being broken.
“The goal is Oracle effectively monitor and give control of what is happening to the bull,” a person directly involved in talks but not authorized to speak publicly as the NPR said.
“Bytedance does not completely disappear, but it can reduce the ownership of the Chinese.”
Some potential investors engaged in talks include Microsoft (NASDAQ :), reported to NPR.
Officials from Oracle and White House held a meeting on Friday part of a potential deal, and another meeting was scheduled for next week, NPR reported.
Oracle is interested in a stake in the gesture “in ten billion,” but the rest of the deal is in the change, the report quotes the origin.
NPR quotes another source that says Congress comfort is considered a major barrier to the White House.