President Donald Trump said Saturday he’s given his “blessing” to a proposed deal between Oracle and Walmart for the U.S. operations of TikTok, the Chinese-owned app he’s targeted for national security and data privacy concerns.
Trump said the proposed deal will result in a new company likely to be based in Texas and under the control of U.S.-based Oracle and Walmart.
“I have given the deal my blessing,” he said. “If they get it done, that’s great. If they don’t, that’s OK too.”
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Trump has been targeting TikTok, a popular video-sharing app, as well as WeChat, another Chinese-owned app.
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