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Trump approved a deal for purchase of Tiktok by Oracle and Walmart
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09-19-2020, 04:15 PM
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#1
- puzzycrookz
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- puzzycrookz
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Trump approved a deal for purchase of Tiktok by Oracle and Walmart
Donald Trump said he’s approved Oracle Corp.’s bid for the U.S. operations of TikTok “in concept,” a deal forced by the president’s orders last month declaring the popular video-sharing app a national security threat.
“I have given the deal my blessing. If they get it done that’s great. If they don’t, that’s OK too, ” Trump told reporters Saturday as he left the White House for a campaign rally in Fayetteville, N.C. “I approved the deal in concept.”
The new company, which will be called TikTok Global, has agreed to donate $5 billion to an education fund, which Trump said would satisfy his demand that the government receive a payment from the deal.
“They’re going to be setting up a very large fund,” Trump said. “That’s their contribution that I’ve been asking for.”
TikTok Global will likely be headquartered in Texas and will hire “at least” 25,000 people, Trump said.
That figure could not be immediately verified. ******** Inc., the largest U.S. social media company, employed about 45,000 people in 2019, while Twitter Inc. employed only 4,900, according to data compiled by Bloomberg.
The deal is the result of Trump’s orders last month over national security concerns about TikTok’s ownership by ByteDance Ltd., a Chinese company.
The Chinese government must now sign off on the transaction for it to go forward.
https://www.bloomberg.com/news/artic...tok-operations“I have given the deal my blessing. If they get it done that’s great. If they don’t, that’s OK too, ” Trump told reporters Saturday as he left the White House for a campaign rally in Fayetteville, N.C. “I approved the deal in concept.”
The new company, which will be called TikTok Global, has agreed to donate $5 billion to an education fund, which Trump said would satisfy his demand that the government receive a payment from the deal.
“They’re going to be setting up a very large fund,” Trump said. “That’s their contribution that I’ve been asking for.”
TikTok Global will likely be headquartered in Texas and will hire “at least” 25,000 people, Trump said.
That figure could not be immediately verified. ******** Inc., the largest U.S. social media company, employed about 45,000 people in 2019, while Twitter Inc. employed only 4,900, according to data compiled by Bloomberg.
The deal is the result of Trump’s orders last month over national security concerns about TikTok’s ownership by ByteDance Ltd., a Chinese company.
The Chinese government must now sign off on the transaction for it to go forward.
09-19-2020, 04:21 PM
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#2
- puzzycrookz
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- puzzycrookz
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He made TikTok Global pay $5 billion to education foundation. What other president could make such great deals?
09-19-2020, 04:30 PM
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#3
09-19-2020, 04:32 PM
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#4
- DoctorKazama
- Ph.D Broscience
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- DoctorKazama
- Ph.D Broscience
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"in concept"
Lmao. Maybe suck off daddy Xi like a good white cuck first and you'll get the deal.
Lmao. Maybe suck off daddy Xi like a good white cuck first and you'll get the deal.
09-19-2020, 04:36 PM
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#5
- Ironmanlet
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- Ironmanlet
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Part of the business deal is that the government has to receive money?
Sketch ass chit right there.
Sketch ass chit right there.
“The stories and information posted here are artistic works of fiction and falsehood. Only a fool would take anything posted here as fact.“
PS: Don't eat poop, just don't let the idea of it stop you from living life to its fullest.
09-19-2020, 05:01 PM
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#6
09-19-2020, 05:17 PM
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#7
- RollingStones
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- RollingStones
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Nooooooooooooooooooo ban that **** app nowwwwwwwwwwwwwwwwwwwww
09-20-2020, 04:22 AM
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#8
- TheFixer2005
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- TheFixer2005
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Just lol at cuckservatives who are threatened by Tiktok.
Imagine being that mentally fragile.
Imagine being that mentally fragile.
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