President Trump Says He Approves TikTok Deal With Walmart And Oracle

SCMP: Donald Trump says he approves Oracle’s deal with TikTok in principle

* Move follows finding that deal fails to address data privacy concerns that raised national security issues
* ‘It'll be totally controlled by Oracle and Walmart,’ Trump said. ‘The security will be 100 per cent’

US President Donald Trump said on Saturday he has approved the Oracle Corporation’s proposed deal with TikTok for the Chinese video-sharing app to continue to operate in the US, after threatening to ban the app from the country in August.

Trump told reporters at the White House that he has “given the deal my blessing” as he left for a campaign rally in Fayetteville, North Carolina: “I approved the deal in concept,”

“It'll be totally controlled by Oracle and Walmart. All of the control is Walmart and Oracle, two great American companies,” Trump said. “The security will be 100 per cent.”

TikTok Global will likely be headquartered in Texas and will hire at least 25,000 people, Trump said.

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WNU Editor: This is good news. This deal still needs the Chinese government's blessing. But WeChat is still going to be blocked .... Millions of US users to be hit by WeChat block (AFP).

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Donald Trump gives 'blessing' to TikTok deal with Oracle, Walmart -- DW
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