President Trump has told advisers he is uncomfortable with a pending deal for Oracle to become TikTok’s U.S. technology partner, in another sign that the proposed tie-up isn’t yet a done deal
WASHINGTON—President Trump has told advisers he is uncomfortable with a pending deal for Oracle Corp. to become TikTok’s U.S. technology partner, according to people familiar with conversations, in another sign thatMr. Trump’s private concerns were echoed publicly on Thursday by White House chief of staff Mark Meadows, who cautioned that a deal that leaves the company predominantly Chinese-controlled might not meet the president’s standards.
“My big concern is if all we’re doing is repackaging it and still keeping it as a predominantly Chinese government-run company, that would not set well with the original goals the president outlined,” Mr. Meadows told reporters at the White House.Mr. Trump on Wednesday expressed discomfort with any agreement that leaves ByteDance Ltd., the Beijing-based company that owns TikTok, with majority ownership of the company’s U.S. operations.
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