US President Donald Trump has expressed dissatisfaction with the fact that under the terms of the agreement between ByteDance and Oracle, the Chinese company will retain a majority stake in the TikTok service, and Oracle will have a minority stake. This Trump said during the press briefing at the White House.
Responding to the question from one of the journalists how he felt about ByteDance retaining a majority stake in TikTok, the president said: “We don’t like it. Hypothetically I can tell you that I do not like it. I have not been informed about it yet. It was reported, but I was not personally informed … If it is true, I’m not happy about it, assuming that ByteDance is China, and that may be the case, I think. ”
The President noted that he was not ready to sign any agreements. “There must be a 100 percent security guarantee in terms of national security … We need security, especially after what we have seen in connection with China and what is happening. We need the security, “- said the president.
Meanwhile, the terms of the agreement between of ByteDance and TikTok are being considered by the US Foreign Investment Committee (CFIUS), which will present its decision soon.
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Microsoft`s shares fell slightly on Monday before the opening of trading due to the news of the failure the deal of buying the popular application TikTok in Chinese ByteDance. Through the support of the deal by President Donald Trump, Shares of Oracle, which is considered №1 candidate of buying TikTok increased by 10% before the […]
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