Trump says he will receive Oracle TikTok report Thursday
Trump raised questions about plans by China's ByteDance to keep a majority stake in the U.S. operations of popular social media platform TikTok after six Republican lawmakers urged him to reject the proposal.
Trump said he would be briefed on Thursday about a proposal that calls for Oracle Corp to become a "trusted technology provider" for TikTok's U.S. operations, but he did not favor the idea of having the Chinese firm retain control.
Trump had previously threatened to ban the app unless its U.S. operations were sold to a U.S. company and the U.S. government received a share of the proceeds.
"Conceptually, I can tell you that I don't like that," Trump told a news conference when asked about a reported proposal to give Oracle only a minority share. "I'm not prepared to sign off on anything. They're going to be reporting to me tomorrow morning and I'll let you know."
Trump also said he was told there was no legal path to ensure money from the TikTok deal goes to the U.S. government.
