President Trump said he will not approve a deal to keep TikTok running in the US if its Chinese parent company remains in control of the popular video-sharing app.
Trump on Monday said he wanted Walmart and Oracle to have “total control” of TikTok in the US after Bejing-based ByteDance claimed it would still own the app under its proposed partnership with the two American companies.
“They [ByteDance] will have nothing to do with it and if they do we just won’t make the deal,” Trump said in a Monday interview with Fox News.
Trump on Saturday said he had given his “blessing” to a deal that would see software firm Oracle and retail giant Walmart take a 20 percent stake in TikTok Global, a new US-based company set up to run the app in the states.
The two companies said American...Read More