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Trump still wants the US government to get paid in the TikTok deal




According to reports, President Donald Trump is still pushing for the U.S. government to receive payment for Oracle’s proposed deal to acquire TikTok.

Trump spoke by phone with Oracle chairman Larry Ellison and Walmart CEO Doug McMillon on Friday and decided whether to approve the deal with TikTok’s Chinese parent company ByteDance, Bloomberg reported, citing sources familiar with the matter.

Trump has previously expressed his wish that the U.S. government receive a substantial cash payment as part of the sale of TikTok. However, it remains unclear how and under what conditions this will happen.

Under the proposed contract, Oracle and ByteDance will create TikTok Global, a new company that aims to resolve national security concerns over the video sharing app due to its Chinese ownership.

Walmart remains in the game even after partner Microsoft̵

7;s failed offer to buy TikTok’s U.S. assets as it is also interested in investing. It could secure a seat on TikTok Global’s board of directors, a source told Bloomberg.

Digital Trends reached out to Oracle to try to get confirmation of Trump’s phone call with Ellison and the company’s comments on the possible payment to the US government. We’ll update this article as soon as we get feedback.

TikTok, WeChat banned from US app stores

TikTok, along with the messaging app WeChat, will be banned from US app stores on Sunday, September 20, by order of Trump in August. The app will continue to work, but it can be completely shut down if there is no contract to sell it to a US company by November 12.

In the meantime, TikTok plans to deny the executive’s order, calling it “unjust.”

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