{"id":175666,"date":"2021-02-10T17:16:31","date_gmt":"2021-02-10T14:16:31","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/tiktok-deal-with-oracle-put-on-hold-under-biden-report\/"},"modified":"2021-02-10T17:16:31","modified_gmt":"2021-02-10T14:16:31","slug":"tiktok-deal-with-oracle-put-on-hold-under-biden-report","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/tiktok-deal-with-oracle-put-on-hold-under-biden-report\/","title":{"rendered":"#TikTok deal with Oracle put on hold under Biden: report"},"content":{"rendered":"

“#TikTok deal with Oracle put on hold under Biden: report<\/strong>”<\/p>\n

\n

TikTok\u2019s planned sale to American investors is unlikely to close any time soon as the Biden administration weighs whether to push the deal forward, a new report says.<\/p>\n

A group of investors led by Oracle and Walmart announced plans to buy TikTok\u2019s US operations last year after then-President Donald Trump ordered the video-sharing app<\/a>\u2019s Chinese parent company, ByteDance, to sell them.<\/p>\n

But President Biden\u2019s administration has put the plans on hold while it reviews its own approach to the cybersecurity risks posed by Chinese-owned apps, The Wall Street Journal reported<\/a> Wednesday.<\/p>\n

TikTok has reportedly continued discussions with the Committee on Foreign Investment in the US \u2014\u00a0which formally ordered the sale last year \u2014 about how to address the feds\u2019 concerns about the Chinese government accessing American users\u2019 data.<\/p>\n

But any deal that gets made would likely look different from the one announced last September partly because TikTok is no longer facing the immedia<\/a>te threat of being banned in the US, according to the Journal.<\/p>\n

\"TikTok\"
The proposal announced last fall would have created a new entity called \u201cTikTok Global\u201d to run the app\u2019s US operations<\/figcaption>
NurPhoto via Getty Images<\/span><\/figcaption><\/figure>\n

It\u2019s also possible that TikTok could work with a \u201ctrusted third party\u201d to manage its data, which wouldn\u2019t require the app to be sold outright, the paper reported.<\/p>\n

The White House, TikTok and Oracle did not immediately respond to requests for comment Wednesday morning. But a spokeswoman for the White House\u2019s National Security Council told the Journal that officials are working on \u201ca comprehensive approach to securing US data that addresses the full range of threats we face.\u201d<\/p>\n

\u201cThis includes the risk posed by Chinese apps and other software that operate in the US,\u201d the spokeswoman, Emily Horne, told the paper. \u201cIn the coming months, we expect to review specific cases in light of a comprehensive understanding of the risks we face.\u201d<\/p>\n

The TikTok deal has been in limbo for months as federal courts blocked the Trump administration from enforcing orders that would have effectively shut down the popular app.<\/p>\n

The proposal announced last fall would have created a new entity called \u201cTikTok Global\u201d to run the app\u2019s US operations. Americans would have owned a majority of TikTok Global, including 20 percent held by Oracle and Walmart and some 33 percent owned by ByteDance\u2019s existing US investors, as The Post previously reported.\n <\/p><\/div>\n

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Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“#TikTok deal with Oracle put on hold under Biden: report” TikTok\u2019s planned sale to American investors is unlikely to close any time soon as the Biden administration weighs whether to push the deal forward, a new report says. A group of investors led by Oracle and Walmart announced plans to buy TikTok\u2019s US operations last…<\/p>\n","protected":false},"author":1,"featured_media":175667,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/02\/biden-mask.jpg?quality=90&strip=all&w=1200","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[92645,4973,4941,991,70636,47912,32332,42873],"class_list":["post-175666","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-2-10-21","tag-china","tag-donald-trump","tag-joe-biden","tag-oracle","tag-tiktok","tag-walmart","tag-white-house"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/175666","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=175666"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/175666\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/175667"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=175666"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=175666"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=175666"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}