Trump Says He Doesn’t Like What He’s Heard of TikTok Deal
- ‘Conceptually, I can tell you I don’t like that,’ Trump says
- He raises concern on Chinese company retaining majority assets
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President Donald Trump said he’s not happy with what he’s heard about the terms of Oracle Corp.’s bid for the Chinese-owned video app TikTok but added he won’t be briefed on details until Thursday morning.
“Just conceptually, I can tell you I don’t like that,” he said after a reporter told him that TikTok’s Chinese owner, Bytedance Ltd., would retain a majority of the company’s assets, with Oracle acquiring a minority stake.