Business: Oracle in US, Walmart rescues Tiktok, possibility of lifting ban on pubs in India, Geo could get distribution!
- Tiktok's parent company agreed to invest in the US
- South Korean company Reliance Jio is in talks with India for game distribution
In the United States, the Trump administration has taken a new turn with the ban on Tiktok. The American company Oracle and Walmart have jointly created a new company called Tiktok Global to save Tiktok from being banned in the US.
The company will also be headquartered in the United States. On the other hand, the Indian government recently banned the popular mobile game Pubji. However, the ban on Pubji can now be lifted.
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U.S. President Donald Trump said Saturday that Bidans, Tiktok's parent company, has been approved under an agreement reached with the U.S. government. Oracle and Walmart said in a joint statement on Saturday that the new company would be owned by American investors.
Bidance, Tiktok's parent company, will buy the remaining 80%. According to American media reports, the White House's concerns about the security of American users' data have been resolved. Trump banned Tiktok for security reasons.
Possibility of lifting ban on pubji in India, Geo can get distribution!
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The Indian government recently banned the popular mobile game Pubji. However, the ban on Pubji can now be lifted. It is said that Pubji is originally owned by the South Korean company Blue Hall Studios. Blue Hall Studios, along with Chinese company Tencent, has withdrawn the Pubji Mobile franchise following the ban on Pubji.
In this way, Pubji became wholly owned by a South Korean company, so the ban could be lifted. Meanwhile, a blog post from Blue Hall Studios has revealed that the company is in talks with Reliance Jio for game distribution in India. However, the deal is still in its infancy.
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