President Donald Trump said on Tuesday he had heard Oracle was very close to a deal over ByteDance's TikTok, even as sources say the Chinese company is seeking to keep majority ownership of the popular video app.
The British writer-producer gave a series of "un-thank yous" to a number of individuals during the course of his acceptance speech, which was interrupted briefly by the ring of a telephone in the background.
Credit: The Hollywood Reporter Duration: 01:38Published
[NFA] U.S. President Donald Trump said on Saturday he supported a deal in principle that would allow TikTok to continue to operate in the United States, even as it appeared to conflict with his earlier order for China's ByteDance to divest the video app. Emer McCarthy reports.
Although the clock is ticking, pardon the pun, TikTok is not going down without a fight. Per Bloomberg and Reuters, the video-sharing app and its Chinese parent company, Bytedance, filed a complaint in a Washington federal court on Friday aiming to block the Trump administration’s upcoming ban, which is set to take effect on Sept. 20. The ban, announced by the Commerce Department earlier that day, will prevent any new downloads or updates to the app in the U.S.