Trump says ByteDance can’t keep control of TikTok in Oracle deal

Washington: President Donald Trump said he might rescind his tentative blessing for a deal between Oracle Corp and ByteDance to create a new US-based TikTok service, casting doubt on the agreement as Chinese state media signalled reluctance in Beijing.

Speaking in an interview on Fox News on Monday, Trump said he wouldn’t approve the deal if the Chinese company retains control of TikTok. However, he also indicated that he expected Chinese influence to be diluted by a future public offering of the new company