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

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TikTok is reportedly shut to a deal that would resolve U.S. national protection problems more than its ownership by Chinese tech organization ByteDance, by storing all of the video-sharing app’s U.S. user information with American software package huge Oracle.

ByteDance, the Chinese guardian corporation of Culver City-centered TikTok, would not be capable to accessibility U.S. consumer information under the possible offer, Reuters reported on Thursday. This sort of an settlement could likely end a yr-and-a-50 percent very long saga that began with the Trump Administration’s considerations that American data could be accessed by China’s government.

Previous President Donald Trump sought to pressure a sale of the massively well-known social media startup and even experimented with to ban TikTok from U.S. app retailers. Together with Walmart, Oracle was lined up to husband or wife with TikTok in September 2020 in a offer that promised to assuage U.S. security problems.

A U.S. government panel is now in “advanced talks” with TikTok around the proposed Oracle partnership, Axios documented on Friday. Associates for TikTok and Oracle did not promptly reply to requests for comment.

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