News Snapshot:
SHANGHAI — Beijing is unlikely to approve an "unfair" deal Oracle and Walmart said they have struck with ByteDance over the future of its video-streaming app TikTok, state-backed newspaper Global Times said in an editorial. The U.S. companies have said they will buy into a new, mainly U.S.-owned company, TikTok Global, with a board of directors comprised mainly of Americans, as the parties work to pacify the Trump administration, which had planned to ban TikTok in the United States on security grounds. In contrast, ByteDance has said TikTok Global will be its U.S. subsidiary with 80 percent ownership. TikTok teams...
