New TikTok headquarters will likely be based in Texas, Trump says – By Taylor Pettaway (MySA) / Sept 21 2020
TikTok’s new headquarters will likely be based in Texas after President Trump finalized a deal for Oracle Corps. and Walmart to purchase the popular social media app.
On Friday, Gov. Greg Abbott tweeted that he had spoken to Trump about bringing the headquarters to the Lone Star State.
Today I talked to @realDonaldTrump about the @tiktok_us deal.
I let him know that if he approves the deal Texas would be the perfect place for the HQ.
We’ll see. 👀#TikTok
— Greg Abbott (@GregAbbott_TX) September 19, 2020
Coming in just under Trump’s Sept. 20 deadline to broker a deal, he announced the two companies will acquire stakes in the new company, TikTok Global. The video app was set to be banned on Saturday if a deal wasn’t agreed on in time for the app to be purchased by a U.S.-based company and approved by the United States Commerce Department.
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