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Trump wants $6.8b from TikTok deal for new history project

Washington | US President Donald Trump wants $US5 billion ($6.8 billion) from companies creating a new US-based TikTok venture directed toward teaching American children "the real history of our country".

He said on Saturday (Sunday AEST) that he had approved a transaction between Oracle, Walmart and ByteDance to create a new company called TikTok Global to run the US video-sharing app. As part of the arrangement, Mr Trump told reporters the companies agreed to contribute $US5 billion ($6.8 billion) to an education foundation.

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    Original URL: https://www.afr.com/technology/trump-wants-5b-from-tiktok-deal-for-new-history-project-20200920-p55xf0