Deals

Trump Blesses Oracle’s TikTok Deal, Delays App Store Ban

TikTok app store ban put on hold for a week after Trump nod
New TikTok Global to donate $5 billion to education foundation

Watch: The Oracle-TikTok deal has been given the green light from President Donald Trump, potentially averting an app store ban in the U.S. (Source: Bloomberg)

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By Josh Wingrove, Jennifer Jacobs, and Shelly Banjo

September 19, 2020 at 9:14 PM UTC

Updated on

September 20, 2020 at 3:10 PM UTC

This article is for subscribers only.

Donald Trump gave his blessing to Oracle Corp.’s bid for the American operations of TikTok, putting the popular video-sharing app on course to escape a U.S. ban imposed as part of his pressure campaign against China.

“I approved the deal in concept,” Trump told reporters Saturday as he left the White House for a campaign rally in Fayetteville, North Carolina. “If they get it done, that’s great. If they don’t, that’s OK too.”