A week after that preliminary deal was struck, it is still hard to predict what happens next. And TikTok’s Beijing-based parent, ByteDance Ltd., is awaiting word from Chinese regulators after having submitted the deal for their approval on Thursday. President Trump, who last Saturday said he had approved in principle TikTok’s deal with Oracle and Walmart, on Thursday reiterated that any final deal will need to meet his administration’s national security concerns. “They’re working to see if they can make a deal,” Mr. Trump told reporters. TikTok has said it doesn’t give user data to Chinese authorities.

Source: Wall Street Journal September 26, 2020 12:33 UTC