- US president says If we find that ByteDance don't have total control, then we're not going to approve the deal
(Washington) U.S. President Donald Trump on Monday said his administration would not approve the sale of TikTok to Oracle Corp and Walmart Inc if China's ByteDance maintains any control.
"If we find that they don't have total control, then we're not going to approve the deal... We will be watching it very closely," Trump told Fox News in an interview.
US President Donald Trump said on Saturday he supported a deal in principle that would allow TikTok to continue to operate in the United States, even as it appeared to conflict with his earlier order for China's ByteDance to divest the video app.
ByteDance was racing to avoid a crackdown on TikTok after the US Commerce Department said on Friday it would block new downloads and updates to the app come Sunday. US officials had expressed concern that the personal data of as many as 100 million Americans that use the app was being passed on to China's Communist Party government.
Trump signed an executive order on Aug. 14 giving ByteDance 90 days to sell TikTok. The deal announced on Saturday, however, is structured as a partnership rather than a divestment.