Trump Says ByteDance 'Very Close to a Deal' for Sale of TikTok

President Donald Trump said he had heard Oracle Corp. was very close to a deal over ByteDance's TikTok, even as sources said the Chinese company was seeking to keep majority ownership of the popular short video app. Under ByteDance’s proposal, the Beijing-based company would keep a majority stake in TikTok’s global business and create headquarters for TikTok in the United States, the sources said.

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