TikTok Nears Deal With Oracle Over U.S. Data Security Fears

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TikTok is reportedly shut to a deal that would solve U.S. countrywide safety worries around its ownership by Chinese tech business ByteDance, by storing all of the movie-sharing app’s U.S. user facts with American software program large Oracle.

ByteDance, the Chinese dad or mum corporation of Culver Town-centered TikTok, would not be equipped to accessibility U.S. consumer details beneath the likely offer, Reuters noted on Thursday. These an arrangement could potentially close a yr-and-a-fifty percent prolonged saga that began with the Trump Administration’s worries that American info could be accessed by China’s government.

Previous President Donald Trump sought to power a sale of the vastly popular social media startup and even tried to ban TikTok from U.S. app shops. Together with Walmart, Oracle was lined up to partner with TikTok in September 2020 in a deal that promised to assuage U.S. protection worries.

A U.S. government panel is now in “advanced talks” with TikTok more than the proposed Oracle partnership, Axios reported on Friday. Representatives for TikTok and Oracle did not straight away react to requests for comment.

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