Trump Approves Oracle\'s Proposed Deal With TikTok

Over the weekend, TikTok said Oracle and Walmart could acquire up to a cumulative 20% stake in the new company in a financing round to be held before an initial public offering of stock, which Walmart said could happen within the next year. Oracle's stake would be 12.5%, and Walmart's would be 7.5%, the companies said in separate statements.

Source : https://www.wwltv.com/article/news/nation-world/president-trump-says-he-wont-approve-tiktok-deal-if-bytedance-still-has-majority/507-0772ca63-3895-427a-8871-b6243ad1e409

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