Privacy & Data Security Law News

Trump Says He Doesn’t Like What He’s Heard of TikTok Deal (1)

Sept. 16, 2020, 10:09 PM

President Donald Trump said he’s not happy with what he’s heard about the terms of Oracle Corp.’s bid for the Chinese-owned video app TikTok but added he won’t be briefed on details until Thursday morning.

“Just conceptually, I can tell you I don’t like that,” he said after a reporter told him that TikTok’s Chinese owner, Bytedance Ltd., would retain a majority of the company’s assets, with Oracle acquiring a minority stake.

“I’m not prepared to sign off on anything,” Trump said, adding that he needs to hear more details of the proposal.

Top Trump administration officials have...

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