US president Donald Trump has poured cold water on the mooted Oracle and Walmart takeover of TikTok, demanding the US companies have total control over the app.
TikTok narrowly escaped a US ban on the orders of the Trump administration on Sunday by agreeing a deal with US-based business Oracle and retailer Walmart.
However, the move has since been thrown into doubt, with Chinese-based owner Bytedance saying it would retain an 80% stake in the new company, TikTok Global.
President Trump said: “They will have nothing to do with it. And if they do, we just won’t make the deal.”
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