Doubts emerged on Monday about Oracle's deal to take over TikTok as President Donald Trump said he may still renege on his approval and the Chinese government signalled reluctance through state-owned media
Doubts emerged on Monday about Oracle's deal to take over TikTok as President Donald Trump said he may still renege on his approval and the Chinese government signalled reluctance through state-owned media.
Trump said on Monday in an interview on Fox News that he wouldn't approve the deal if the Chinese company retains control of the new entity, TikTok Global.For now, Trump has delayed by one week an order that would have shut down TikTok in the US on Sunday. He could keep extending that deadline until the details of the deals are resolved, two of the people said.
, tweeted that Beijing would likely reject the deal "because the agreement would endanger China's national security, interests and dignity."the flagship newspaper of the Communist Party. Hu's tweets are closely watched after accurately forecasting previous moves by China's government, though his statements at times don't reflect official policy.Mnuchin has played a central role in working with TikTok's Chinese owner, ByteDance, and Oracle.
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