TikTok set to IPO globally if Trump approves deal with Oracle, Walmart


U.S. President Donald J. Trump speaks to the press during a news conference in the James Brady Press Briefing Room of the White House on September 16, 2020 in Washington, DC.

Alex Wong | Getty Images

President Donald Trump is expected to make a decision on TikTok’s fate in the U.S. in the next 24-36 hours, sources told CNBC’s David Faber. Walmart is also expected to partner with Oracle in a deal where Oracle would own roughly 20% of the social media app, according to the sources.

This story is developing. Check back for updates.

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