Trump gives blessing to deal to allow TikTok to continue to operate in US

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A new company called TikTok Global with 53 pct US shareholders will be created.

US President Donald Trump said he supports a deal 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 backs the deal with TikTok owner ByteDance, Oracle and Walmart to create a new company that will assume TikTok's US operations called TikTok Global.

 

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