Doubts emerged on Monday about Oracle’s deal to take over TikTok as US President Donald Trump said he may still renege on his approval and the Chinese government signalled reluctance.
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A US judge on Sunday blocked the Trump administration from requiring Apple and Google to remove Chinese-owned messaging app WeChat for downloads.
US President Donald Trump said he supported a deal in principle that would allow TikTok to continue to operate in the US, even as it appeared to conflict with his earlier order for China’s ByteDance to divest the video app.
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US President Donald Trump told Oracle’s Larry Ellison and Walmart’s Doug McMillon that he still wants the government to receive a payment as part of a deal for the US operations of TikTok.
The US commerce department issued order on Friday that will bar people in the US from downloading Chinese-owned messaging app WeChat and video-sharing app TikTok.
China’s ByteDance is planning a US initial public offering of TikTok Global, the new company that will operate the popular short-video app, should its proposed deal be cleared by the US government
US President Donald Trump raised questions on Wednesday about plans by China’s ByteDance to keep a majority stake in the US operations of popular social media platform TikTok.
A senior Chinese official has accused the US, which forced the sale of TikTok on national security grounds, of “economic bullying”, while lambasting European Union restrictions on Huawei.
ByteDance founder and CEO Yiming Zhang’s decision to drop his pursuit of a sale of TikTok’s US operations to Microsoft in favour of a partnership with Oracle was the culmination of weeks of pressure.