On September 16, US local time, US President Trump stated that he would hear a report on the TikTok transaction on the morning of September 17.
Previously, Trump claimed that the government should collect a large amount of money from the TikTok transaction because “we made this transaction possible”, but now he is “surprised” to find that this is not feasible. Trump stated that he was told there was no legal way to do so, and there has never been such a precedent before.
Naijatechnews understands that according to people familiar with the matter, Bytedance may still be the controlling shareholder of TikTok, and Oracle only holds a small amount of equity . In response, Trump stated that he was “unhappy.”
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