Trump Says ByteDance Can’t Keep Control of TikTok in Oracle Deal
- China state media says Beijing likely to reject deal
- President last week approved of the deal ‘in concept’
Photographer: Brent Lewin/Bloomberg
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President Donald Trump said he might rescind his tentative blessing for a deal between Oracle Corp. and ByteDance to create a new U.S.-based TikTok service, casting doubt on the agreement as Chinese state media signaled reluctance in Beijing.
Speaking in an interview on Fox News on Monday, Trump said he wouldn’t approve the deal if the Chinese company retains control of TikTok. However, he also indicated that he expected Chinese influence to be diluted by a future public offering of the new company.