Donald Trump says he has given his "blessing" to a proposed deal that could prevent TikTok from being banned in the US.
<p>He told reporters at the White House he is backing a deal with Oracle and Walmart that would create a new company to oversee TikTok's US operations.</p><p>Mr Trump said the new company would be "totally controlled by Oracle and Walmart".</p><p>People in the US were <strong><a href="https://news.sky.com/story/tiktok-downloads-to-be-blocked-in-us-within-days-reports-12075049" target="_blank">set to be banned</a></strong> from downloading the video-sharing app - as well as another Chinese app, WeChat - on Sunday, following White House concerns about the security of user data.</p><p>An earlier statement from the US commerce department said: "The Chinese Communist Party (CCP) has demonstrated the means and motives to use these apps to threaten the national security, foreign policy, and the economy of the US."</p><p>It added that the apps posed "unacceptable risks" to national security.</p><p>But the president has now said he approves the deal "in concept" and the security will be "100%", adding: "I have given the deal my blessing."</p> <p><strong>:: Subscribe to Divided States on <a href="https://podcasts.apple.com/gb/podcast/divided-states/id1488434518" target="_blank">Apple podcasts</a>, <a href="https://podcasts.google.com/?feed=aHR0cHM6Ly93d3cuc3ByZWFrZXIuY29tL3Nob3cvNDEzOTYxNS9lcGlzb2Rlcy9mZWVk" target="_blank">Google Podcasts</a>, <a href="https://open.spotify.com/show/7nBcCiQRNzLsgMdj6UqVGw" target="_blank">Spotify</a>, and <a href="https://www.spreaker.com/show/divided-states" target="_blank">Spreaker</a></strong></p><p>Reuters news agency reported on Thursday the new company, called TikTok Global, will have a majority of American directors, a US chief executive and a security expert on board.</p><p>It is expected to create at least 25,000 new jobs and will be based in Texas, the president said.</p> <p>Oracle and Walmart are expected to take significant equity stakes and ByteDance - which owns TikTok - has agreed to significant security safeguards, with Oracle housing all data and having the right to inspect the app's source code.</p><p>However, China must still approve the deal.</p><p>TikTok said in a statement: "We are pleased that the proposal by TikTok, Oracle, and Walmart will resolve the security concerns of the US Administration and settle questions around TikTok's future in the US."</p><p>It added: "Our team works tirelessly to provide a safe and inclusive platform and we're thrilled that we will be able to continue serving our amazingly diverse and creative community."</p><p>Mr Trump said: "We'll see whether or not it all happens."</p><p>It is not immediately clear if the commerce department will row back on its plans to force Google and Apple to stop offering TikTok on their US app stores on Sunday.</p>