TikTok: Trump questions Oracle deal if ByteDance keeps stake

TikTok: Trump questions Oracle deal if ByteDance keeps stake

Reuters 17/09/2020

President warns any agreement to continue operating in US must be ‘100% as far as national security is concerned’

Donald Trump has questioned plans by the Chinese tech firm ByteDance to keep a majority stake in TikTok’s US operations as part of a “trusted technology deal” with Oracle.

“Conceptually I can tell you that I don’t like that,” Trump told a news conference when asked about a reported proposal to give Oracle only a minority share. “I’m not prepared to sign off on anything. They’re going to be reporting to me tomorrow morning and I’ll let you know.”

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