TikTok’s Zero Hour: Haggling With Trump, Doubts in China and a Deal in Limbo

By newslivenation September 21, 2020 #applications software, #blogging, #business, #ByteDance, #china social media, #cloud computing, #computer services, #computers, #computing, #consumer electronics, #consumer services, #corporate, #data services, #domestic politics, #Doug Leone, #Doug McMillon, #executive branch, #Fox News, #General Atlantic, #general news, #government bodies, #industrial news, #information security, #international relations, #Larry Ellison, #leder, #lifestyle, #living, #mixed retailing, #online service providers, #oracle, #ORCL, #political, #politics, #privacy issues, #Renaissance Macro, #retail, #shopping malls, #Social Media, #software, #Steven Mnuchin, #superstores, #Technology, #TikTok, #tiktok global, #Trump administration, #walmart, #wholesale, #WMT

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After months of maneuvering over the way forward for TikTok, it took a pair of 11th-hour cellphone calls with two of America’s strongest executives to steer President Trump to conform to a tentative deal.

Key to getting the president on board with the thought, which concerned Oracle Corp. and Walmart Inc. taking stakes in a new TikTok based mostly in the U.S., was a thinly sketched-out plan to create a $5 billion training fund, described by folks concerned as a gesture to placate Mr. Trump. The provision got here so late that when it was introduced,…

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TikTok’s Zero Hour: Haggling With Trump, Doubts in China and a Deal in Limbo

By newslivenation

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