China Has to Approve TikTok-Oracle Deal Too, ByteDance Says

TikTok owner ByteDance Ltd. and Oracle Corp. are waiting around to find out no matter

TikTok owner ByteDance Ltd. and Oracle Corp. are waiting around to find out no matter whether President Trump will give his blessing to their offer, but yet another hurdle continues to be: Beijing nevertheless has to signal off as well.

Chinese authorities will have to approve the phrases of the offer, Bytedance reiterated Thursday, illustrating the tricky route ahead for the offer, even if the Trump administration gives its assent.

The…