Walmart agrees to back Trump’s TikTok “education fund”

Walmart has agreed to back an education fund as part of a deal between the retailer and Oracle to partner with Chinese-owned video-sharing app TikTok, according to a source familiar with the matter.



a sign on the side of a building: TikTok In Beijing


© VCG
TikTok In Beijing

The financial contribution will come from the new company, which is to be called TikTok Global, that emerges from the unusual transaction. The arrangement will allow the app to continue operating in the U.S. after the Trump administration threatened to ban it over national security concerns. Yet to be decided is how large of a contribution Walmart and Oracle would sign off on to the fund and how it would be used. 

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Walmart and Oracle are looking to take a stake of up to 20% of TikTok Global. TikTok’s current owner, Beijing-based ByteDance, and possibly its investors, would

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