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President Trump gives 'blessing' for proposed deal to keep TikTok operating in US

1 month ago   |   By ABC

President Donald Trump says he's given his "blessing" to a proposed deal that would see the popular video-sharing app TikTok partner with Oracle and Walmart to become a U.S. company.
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Oracle announces it will become a minority investor in TikTok Global after Trump indicates his approval

Oracle announces it will become a minority investor in TikTok Global after Trump indicates his approval

1 month ago   |   By Business Insider

Summary List Placement
A deal that would give Oracle a minority stake in TikTok's global business was announced Saturday evening and received President Donald Trump's approval , clearing the way for the popular video app to continue operating in the US.
The enterprise software company announced in a statement it had taken a 12.5% stake and become the app's secure cloud technology provider.
In a statement Saturday evening, TikTok confirmed the news and said it was also working with Walmart on a commercial partnership.
"Both companies will take part in a TikTok Global pre-IPO financing round...
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Trump says he's given his 'blessing' to a proposed TikTok deal with Oracle and Walmart

Trump says he's given his 'blessing' to a proposed TikTok deal with Oracle and Walmart

1 month ago   |   By Business Insider

Summary List Placement
President Donald Trump said Saturday he "approves a deal in concept" that will allow TikTok to continue to operate in the United States under a deal with Oracle and Walmart.
"I have given the deal my blessing," Trump told reporters at the White House. "If they get it done that's great, if they don't that's fine too."
He added that he believed the deal had addressed US national security concerns. In August, Trump signed an executive order accusing the app of harming the country's national security and demanding it be sold to a US company or have its American...
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