Trump Casts New Doubt On Any Deal To Keep TikTok Alive In U.S.

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A plan to save popular video-sharing app TikTok in the U.S. is taking shape behind closed doors in Washington, though President Trump cast fresh doubt Wednesday that the deal as it stands would satisfy the White House.The urgent talks are happening with only days to go before Trump’s executive order to shut down TikTok’s business in the U.S. will take effect. Software company Oracle beat out a competing proposal from Microsoft to keep TikTok alive, but its offer would not be an outright acquisition. Rather, Oracle, a database and cloud storage company, says it will be TikTok’s “trusted technology partner,” a relationship yet to be clearly defined. Trump on Wednesday told reporters that he wants to see an agreement in which ByteDance, TikTok’s Chinese parent company, loses its majority stake in the app, in order to address the administration’s data privacy and national security concerns. “Conceptually, I can tell you, I don’t like that,” Trump said of Beijing-based ByteDance’s majority ownership. “If that’s the case, I’m not going to be happy with that.” The president’s insistence that ByteDance forfeit its majority ownership comes in the face of multiple reports indicating that ByteDance is demanding it retain its …

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