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Trump says he’s not ready to sign the TikTok-Oracle deal


President Trump said he needed to learn more about a deal between TikTok and Oracle before he could unsubscribe.

Angela Lang / CNET

President Donald Trump said on Wednesday that he was not ready to sign one yet Deal between short-form video app TikTok and technology giant Oracleand says he needs to make sure the deal addresses national security concerns about the app.

“I’m not ready to sign anything,” Trump told a press conference at the White House, adding that he expected the deal to be presented to him on Thursday. He stressed that the deal “must be 100% in terms of national security”.

The future of TikTok in the US has been in the air since earlier this summer after Trump targeted the app over concerns that Chinese parent company ByteDance could be forced to submit data on American users to the Chinese government. According to ByteDance, user data in the US is stored with a backup in Singapore. The company has announced that it will not disclose any data to the Chinese government upon request.

Trump has asked ByteDance to sell TikTok, otherwise there is a risk of being banned in the US. The US company would make a deal with Oracle the “trusted technology provider” in the US for ByteDance and is designed to address national security concerns.

Trump suggested he had concerns about a deal that would allow ByteDance to keep a controlling stake in TikTok.

“Conceptually, I can tell you I don’t like this,” he said. “If that’s the case, I won’t be happy.”

The president had originally indicated that the government should receive a cut in all deals that took place after demanding the divestment of TikTok. But he said lawyers told him the government did not have the power to request such a payment.

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