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Trump says he’s not yet ready to sign off on a TikTok deal as his administration reportedly pushes for majority US ownership

  • Trump administration officials are pushing for potential US buyers of TikTok to own a majority share of the company, The Wall Street Journal reported Wednesday.
  • Officials are angling for US buyers to own at least 50% after ByteDance sought to retain control of TikTok in a proposed sale to Oracle, according to The Journal.
  • Trump said during a press conference Wednesday that he was “not prepared to sign off” on the proposed deal as he hadn’t yet been briefed, but that he wouldn’t support it if ByteDance retains a majority share.
  • The disagreement indicated a gulf remains between the Trump administration and ByteDance as a September 20 deadline looms.
  • Visit Business Insider’s homepage for more stories.

Trump administration officials are pushing for potential US buyers to own a majority share of TikTok as part of a sale the president has pushed for, The Wall Street Journal reported Wednesday.

The Journal reported Tuesday that ByteDance, TikTok’s Chinese-based parent company, had sought to keep its controlling share of the social media app in a deal it pitched to US officials this week.

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