President Trump gives blessing to TikTok-Oracle deal that gives US more control over app

President Donald Trump gave his blessing to the TikTok-Oracle deal this weekend. As part of the deal, TikTok owner ByteDance will own 80% of the newly formed company, TikTok Global, which will be located in the United States.

News 12 Staff

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Sep 21, 2020, 3:40 PM

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Updated

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President Trump gives blessing to TikTok-Oracle deal that gives US more control over app

President Donald Trump gave his blessing to the TikTok-Oracle deal this weekend. As part of the deal, TikTok owner ByteDance will own 80% of the newly formed company, TikTok Global, which will be located in the United States.

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