U.S. President Trump said U.S. President Trump said he had "conceptually" approved a merger between Oracle and TikTok's overseas business in the United States.
Trump and TikTok grudges
Trump told the journalist at the White House campaign rally to Fayetteville, North Carolina :" I approved the deal conceptually, and I have blessed it. "
US Treasury Secretary Steven Mnuchin told reporters that the new company will be called TikTok Global, headquartered in Texas, and will employ up to 25,000 employees. It will also serve as the U.S. education department. Donated 5 billion US dollars.
On the 18th of the day, the commerce department will officially launch a "no-trade" order on social app and TikTok from september 20, when both social app and apple will be removed from the android and apple markets, with installed users unaffected but unable to upgrade. Just a day later, Trump approved TikTok deal with Oracle.
Earlier, the Chinese government had said the deal would have to be agreed by Beijing.
The Trump government did not disclose more information about the deal, such as the proportion of shares in the new company concerned, the number of words the TikTok parent company has on the new company.
Australian worry-free network will continue to track TikTok related news.
