NEW YORK/PALO ALTO, U.S.-- President Donald Trump has given the go-ahead to a deal for Oracle and Walmart to maintain TikTok's operations in the U.S., with the two American companies set to own 20% of a new entity created in agreement with TikTok's Chinese owner ByteDance.
US-China tensions
Trump allows Oracle and Walmart deal with TikTok
US companies set to own 20% of new entity as plan awaits Beijing approval
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