Walmart TikTok deal in doubt after Trump calls for US ‘total control’
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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