* 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).
Trump backs proposed deal to keep TikTok operating in US — AP
Trump gives blessing to deal to allow TikTok to continue to operate in U.S. — Reuters
Trump touts ‘fantastic’ TikTok deal with Walmart and Oracle — AFP
Trump administration approves Oracle-TikTok deal in principle — The Hill
Trump approves Oracle’s proposed deal with TikTok — Politico
Trump gives TikTok deal with Oracle and Walmart his blessing and reveals HQ will be in Texas and firm will give $5 billion donation for education on the ‘real history of our country’ — Daily Mail
TikTok: Trump says Oracle deal for video app ‘has my blessing’ — BBC
Donald Trump gives ‘blessing’ to TikTok deal with Oracle, Walmart — DW
Trump ‘conceptually’ approves TikTok deal with Oracle and Walmart, extending app’s ban deadline for another week — RT