Trump 'very happy' to keep TikTok alive if security issues resolved

President Donald Trump said Friday that he would be "very happy" to reach a deal that keeps the video-sharing app TikTok alive in the U.S. so long as security concerns with China can be resolved.

Trump told reporters that he has spoken with executives at Oracle, Walmart and Microsoft about options for TikTok's future. His administration is weighing a proposal that would give Oracle and Walmart ownership stakes in and greater control over the company but would not completely sever ties with its current parent company, Beijing-based ByteDance.

"We have some great options and maybe we can keep a lot of people happy but have the security that we need. We have to have the total security from China," Trump said.

A shift in tone: Trump previously gave ByteDance an ultimatum: sell TikTok to an American company or be banished from the U.S. market. His remarks Friday signal openness to a compromise, which could bode well for TikTok and its 100 million users in the U.S.

"We're not going to do anything to jeopardize security, at the same time, it's an amazing company. Very, very popular," he said. "So, we can do a combination of both. I'd be very happy doing that."

Earlier Friday, the Commerce Department issued orders that ban TikTok from U.S. mobile app stores starting Sunday night. But much more onerous restrictions would not go into effect until Nov. 12, giving the administration and the company more time to strike a deal — perhaps even after the U.S. election.

What's next: Trump offered no timeline for approving the deal but added it could come together "very, very fast."