On Saturday, Donald Trump gave his blessing to a deal that would see Walmart and Oracle buy shares in TikTok Global — as long as the agreement comes with $ 5 billion in funding for education programs on “the real history of our country,” The Daily Mail reported.
Under the proposed arrangement, Oracle would take a 12.5 percent share in the new TikTok Global, and Walmart would take 7.5 percent, according to the publication. While Chinese firm ByteDance would retain approximately 80 percent of the company, because it is 40 percent owned by U.S. investors, TikTok Global would technically have a majority American ownership.
“I have given the deal my blessing”, the president said on Saturday, shortly before he departed for a North Carolina campaign rally.
“It will have nothing to do with China,” he added, according to the news source. “It’ll be totally secure, that’s part of the deal.”
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