Trump reportedly still wants U.S. government to get paid in proposed TikTok sale
President Donald Trump reportedly spoke to Oracle Chairman Larry Ellison about a possible payment to the U.S. government in the proposed deal to acquire TikTok.
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President Donald Trump reportedly spoke to Oracle Chairman Larry Ellison about a possible payment to the U.S. government in the proposed deal to acquire TikTok.
TikTok said that it isn’t going anywhere after President Trump approved Oracle’s proposed deal. The app’s ban from U.S. app stores has been delayed by a week.
President Donald Trump approved Oracle’s purchase of the U.S. assets of TikTok, as the new company that will be formed pledged $5 billion to an education fund.
TikTok said it is prepared to challenge President Donald Trump’s ban of the app, calling the president’s order to remove the app from app stores unjust.
The Chinese government reportedly prefers TikTok to shut down in the U.S. instead of ByteDance being forced to sell the video-sharing app to one of its suitors.
The U.S. government is reportedly looking at adding Semiconductor Manufacturing International Corporation, China’s largest chip maker, to its trade blacklist.
Trump’s tweet violated Twitter’s Civic Integrity Policy
The legal challenge may be filed as soon as August 24