Trump approved the purchase of TikTok because of a plan to create a fund for $5 billion - WSJ


US President Donald Trump approved the purchase by Oracle and Walmart of the American segment of the Chinese social network TikTok after the consent of their leaders to invest $5 billion in an educational fund. This was reported with reference to sources on September 21 by The Wall Street Journal. According to them, the president on September 19 for several hours discussed a phone deal with the Chinese company ByteDance with one of the founders of Oracle Larry Allison and Walmart head Doug McMillan. And he promised to support their intentions after they proposed to create an educational fund in the United States and invest about $5 billion in it. Information on how the new fund will work is not yet available. According to the news agency, during a press conference with reporters at the White House on September 19, Trump said that he had blessed the deal between the American corporation Oracle and the Chinese ByteDance to acquire TikTok. The US President noted that the conditions for the purchase of the US segment will TikTok completely solve the problem of the country's national security.
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