A deal between Bytedance and Oracle to keep TikTok alike in the United States has been given the approval of US President Donald Trump, Just over a day before access to the app would have been curtailed in the United States.
Speaking to reporters on Saturday as he headed off to a North Carolina rally, Trump has given the go-ahead for the deal in principle, one that would have Oracle and Walmart partnering to operate TikTok’s US operations.
“I have given the deal my blessing,” Trump said at the White House South Lawn, reports CNBC. “If they they get it done, that’s great, if they don’t that’s okay too. I approved the deal in concept.” The new company that would operate TikTok will most likely, according to Trump, be incorporated in Texas.
The new company will “have noting to do with China, it’ll be totally secure,