He also said that other companies like Microsoft, Twitter are in the run for purchasing TikTok.
United States President Donald Trump told reporters on Tuesday evening that theUnited States software company Oracle would be able to handle the acquisition of Chinese video-sharing platform TikTok.
"Well, I think Oracle is a great company and I think its owner is a tremendous guy, tremendous person," Trump said.
"I think that Oracle would be certainly somebody that could handle it." he added.
He also said that other companies like Microsoft, Twitter are in the run for purchasing TikTok.
Microsoft has emerged as the main bidder for TikTok while Twitter has also held talks with TikTok`s parent company ByteDance.
It is to be noted that the Trump administration passed an executive order which banned TikTok parent company ByteDance from handling transactions in the US.
The order recalls the Indian action on banning the app. An order was passed by the government of India in June that said, "The Government of India recently banned the use of TikTok and other Chinese mobile applications throughout the country."
In a statement, India's Ministry of Electronics and Information Technology asserted that they were "stealing and surreptitiously transmitting users' data in an unauthorized manner to servers which have locations outside India," it added.
The order specifies that the popular Chinese app poses an imminent security threat to the country.
Moreover, Trump has indicated that he was looking to ban other Chinese-owned companies, including e-commerce giant Alibaba in the United States, days after signing an executive order targetting TikTok's parent company, ByteDance.
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