Donald Trump has raised concerns about the deal Oracle struck with ByteDance to operate TikTok in the US, saying he would not be happy if it allowed the Chinese technology group to retain a majority stake in the new company.
“Conceptually . . . I don't like that,” the US president said. “It hasn't been told to me . . . If that's the case, I'm not going to be happy with that.”
The Financial Times reported earlier this week that Oracle would enter into a technical partnership with ByteDance, which would become the majority shareholder in a new US-headquartered company.
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