9/18, 5:25 PM (Source: TeleTrader)
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US AG Barr hindered TikTok deal - report

United States Attorney General William Barr (pictured) is responsible that the TikTok deal between Oracle Corp. and ByteDance Ltd. fell through, Fox Business News correspondent reported on Friday.

Barr reportedly argued that the agreement, which would have allowed ByteDance to remain the majority shareholder of TikTok, was not good because it would allow China to keep control over the video app.

Earlier today, the Commerce Department issued an order barring US users from downloading TikTok and WeChat starting September 20. TikTok said it would challenge the ban.

Breaking the News / MD