Trump agreed with the TiKTok and Oralcle-Walmart deals

Previously, there were concerns about the TikTok ban in the US, along with an ultimatum filed by President Trump. That will not have apps From China, it is possible to get into US citizens information, including popular chat apps.

News reports say President Trump Approved in principle for a deal between Oracle and Walmart. While the US Department of Commerce Announced that the ban on the ban. Or cut off TikTok until Sunday, September 26. The US leader commented on the deal between Oracle and TikTok, with Oracle detailing that: Will come to hold shares in this viral clip app At just 12.5%, TikTok insisted on Oracle’s role in working with Walmart as a commercial partner.

Walmart said there was a possibility of a deal to acquire 7.5% of the stake and that CEO Doug McMillon would join the five member boards of the formation.

TikTok said the establishment of the US headquarters. That would generate 25,000 cross-country jobs, which Trump said of the new company as a possible location in Texas.

Oracle CEO Safra Catz is a member of Trump’s Transition team, or Donald Trump’s power transfer panel.

“We are 100% confident that we will be able to protect the security and confidence of the American people using TikTok, as well as users from all over the world,” said Oracle CEO.

Both Oracle and Walmart confirmed that TikTok user data will be migrated.