Welcome
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...

To read the full article log in. To learn more about a subscription click here.