President Donald Trump said Monday that a deal for Silicon Valley giant Oracle and retailer Walmart to become partners for TikTok in the US would be scrapped if TikTok’s Chinese parent company ByteDance retained any control.
Asked on Fox News whether ByteDance would still have any involvement, he said that “they will have nothing to do with it and if they do, then we just won’t make the deal.”
He added Oracle and Walmart “are going to have total control over it. They’re going to own the controlling interest... If we find they don’t have total control, then we’re not going to approve the deal.”