Trump says he approves TikTok Oracle deal 'in concept'
By Alexandra Alper and David Shepardson WASHINGTON (Reuters) - U.S. President Donald Trump said he 'approves a deal in concept' that will allow TikTok to continue to operate in the United States, after threatening to ban the Chinese-owned app in August.
By Alexandra Alper and David Shepardson
WASHINGTON (Reuters) - U.S. President Donald Trump said he "approves a deal in concept" that will allow TikTok to continue to operate in the United States, after threatening to ban the Chinese-owned app in August.
He told reporters at the White House he was giving the deal with Oracle
About 100 million Americans use TikTok and U.S. officials have expressed concern about user data and the potential for China to access that data.
"The security will be 100%," Trump told reporters. "Conceptually it's a great deal for America."
Reuters reported on Thursday the new company, dubbed TikTok Global, will have a majority of American directors, a U.S. chief executive and a security expert on the board.
Oracle has agreed to eventually own a 20% stake in the company, according to a source. If Walmart
Trump said the new TikTok company will be "totally controlled by Oracle and Walmart."
(Reporting by Alexandra Alper; writing by David Shepardson; editing by Chris Reese)
This story has not been edited by Firstpost staff and is generated by auto-feed.
By Robin Emmott and John Irish | BRUSSELS/PARIS BRUSSELS/PARIS France and Germany will agree to a U.S. plan for NATO to take a bigger role in the fight against Islamic militants at a meeting with President Donald Trump on Thursday, but insist the move is purely symbolic, four senior European diplomats said.The decision to allow the North Atlantic Treaty Organization to join the coalition against Islamic State in Syria and Iraq follows weeks of pressure on the two allies, who are wary of NATO confronting Russia in Syria and of alienating Arab countries who see NATO as pushing a pro-Western agenda."NATO as an institution will join the coalition," said one senior diplomat involved in the discussions. "The question is whether this just a symbolic gesture to the United States
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