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

Elbert Grims

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TikTok is reportedly shut to a deal that would take care of U.S. national protection issues in excess of its ownership by Chinese tech business ByteDance, by storing all of the video-sharing app’s U.S. person information with American software program huge Oracle.

ByteDance, the Chinese father or mother firm of Culver Metropolis-primarily based TikTok, would not be ready to access U.S. consumer info underneath the possible deal, Reuters claimed on Thursday. These an settlement could possibly conclude a year-and-a-50 % prolonged saga that started with the Trump Administration’s concerns that American data could be accessed by China’s governing administration.

Previous President Donald Trump sought to pressure a sale of the massively popular social media startup and even experimented with to ban TikTok from U.S. application retailers. Alongside Walmart, Oracle was lined up to husband or wife with TikTok in September 2020 in a offer that promised to assuage U.S. protection worries.

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

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