News Snapshot:
September 21, 2020 1 GUANGZHOU, China — Chinese state media said ByteDance’s deal to set up TikTok Global in the U.S. is “reasonable,†adding that Chinese authorities would still need to give their approval to a deal with U.S. giants Oracle and Walmart . Global Times, a Chinese state-backed tabloid, said the TikTok deal avoids the “worst-case scenario†even though it was “unfair†that ByteDance was forced into this position. On Saturday, President Donald Trump tentatively agreed to a deal in which Oracle and Walmart would take a combined 20% stake in TikTok Global. Oracle will be the cloud provider...
