• Trump says he's not yet ready to sign off on a TikTok deal as his administration reportedly pushes for majority US ownership

    4 days ago - By Business Insider

    Associated Press/Patrick Semansky; Reuters/Dado Ruvic
    Trump administration officials are pushing for potential US buyers of TikTok to own a majority share of the company, The Wall Street Journal reported Wednesday.
    Officials are angling for US buyers to own at least 50% after ByteDance sought to retain control of TikTok in a proposed sale to Oracle, according to The Journal.
    Trump said during a press conference Wednesday that he was " not prepared to sign off " on the proposed deal as he hadn't yet been briefed, but that he wouldn't support it if ByteDance retains a majority share.
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