Trump Approves TikTok Deal Separating U.S. Operations From China HQ; Oracle Among Backers Of New Joint Venture
President Donald Trump signed an executive order Thursday declaring that a plan for TikTok‘s Chinese owner ByteDance to divest the U.S. operations of the wildly popular video app meets the requirements of a 2024 law. In recent weeks, there have been reports that a consortium including Oracle chairman Larry Ellison and Dell Technologies CEO Michael Dell would be part of a group to take control of TikTok’s U.S. operations via a joint venture. Fox Corp. also is in talks to become a backer. White House Press S ...