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'I don't like it': TikTok-Oracle deal hits Trump bump

Sep 17, 2020 11:37 IST

US President Donald Trump on Wednesday said he wasn't ready to approve the Oracle-TikTok deal, which would allow the Chinese video app to continue operating in the United States, news agency AFP has reported. Trump has said that it has to be a 100% takeover by the US tech giant of the ByteDance platform, insisting he needs to see the deal before approving it. The US President is also opposed to an arrangement reported by media in which ByteDance would keep a majority stake in the company and Oracle a minority stake.

Global Business