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Trump says he will receive report on proposed Oracle TikTok deal Thursday

U.S. President Donald Trump takes questions during a news conference in the Brady Press Briefing Room at the White House in Washington, U.S., September 16, 2020. REUTERS/Leah Millis

WASHINGTON (Reuters) - U.S. President Donald Trump said on Wednesday he was not ready to sign off on a proposed deal involving Oracle Corp ORCL.N and ByteDance's TikTok and that he would receive a report on it on Thursday.

Trump, at a news conference, said he was told there was no legal path to ensure money from the TikTok deal goes to the U.S. government. Under ByteDance’s proposal, the Beijing-based company would keep a majority stake in TikTok’s global business and create headquarters for TikTok in the United States.

“No, I’m not prepared to sign off on anything,” Trump said. “They going to be reporting to me tomorrow morning and I’ll let you know.”

Reporting By Alexandra Alper and Steve Holland; Editing by Chris Reese

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