Trump vows to block any TikTok deal allowing Chinese control

WASHINGTON: President Donald Trump on Monday threw into doubt a deal to restructure ownership of the popular video app TikTok, vowing to block any deal that allows its Chinese parent firm to retain any control.

The deal would make Silicon Valley giant Oracle the data partner for TikTok with retail giant Walmart also taking a stake in a new entity to be called TikTok Global. Trump on Monday told Fox News that TikTok’s Chinese parent firm ByteDance “will have nothing to do with it and if they do, then we just won’t make the deal.”

ByteDance, under pressure in China not to give in to US demands, said it would hold an 80% stake in TikTok Global after a public share offering.

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