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TikTok's Chinese owner says Oracle deal in limbo as Trump ‘not prepared to sign off on anything'

6 days ago   |   By RT

The fate of US operations of Chinese video app TikTok is still uncertain as both the White House and the owner of the platform, ByteDance, say that no final agreement has been reached so far.
The Chinese company said on Thursday that the arrangement with US tech giant Oracle still requires the official approval by both Chinese and US authorities.
“We are indeed discussing a cooperation plan with some companies to address US govt's concerns over the security of US users' data. The plan does not involve the sale of business and technology, and a final deal has not been signed yet,” ByteDance...
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Trump says he's not yet ready to sign off on a TikTok deal as his administration reportedly pushes for majority US ownership

Trump says he's not yet ready to sign off on a TikTok deal as his administration reportedly pushes for majority US ownership

6 days ago   |   By Business Insider

Associated Press/Patrick Semansky; Reuters/Dado Ruvic
Trump administration officials are pushing for potential US buyers of TikTok to own a majority share of the company, The Wall Street Journal reported Wednesday.
Officials are angling for US buyers to own at least 50% after ByteDance sought to retain control of TikTok in a proposed sale to Oracle, according to The Journal.
Trump said during a press conference Wednesday that he was " not prepared to sign off " on the proposed deal as he hadn't yet been briefed, but that he wouldn't support it if ByteDance retains a majority share.
The...
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