Trump Approves ‘In Concept’ Oracle, Walmart Deal With Bytedance for TikTok

Trump Approves ‘In Concept’ Oracle, Walmart Deal With Bytedance for TikTok
The logo of Chinese video app TikTok is seen on the side of the company's new office space at the C3 campus in Culver City, in the westside of Los Angeles, Calif., on Aug. 11, 2020. Chris Delmas/AFP via Getty Images
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President Donald Trump has given his approval “in concept” to a deal being discussed between American companies Oracle and Walmart with China-based company Bytedance for ownership of TikTok.

“We have some very big news on TikTok, TikTok is moving along,” the president told reporters before leaving the White House to attend a campaign rally in Fayetteville, North Carolina, on Saturday.

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