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TikTok-Oracle deal in jeopardy as Joe Biden reviews security: Report
Updated On: 11 February, 2021 09:30 AM IST | Washington | IANS
In September last year, Cloud major Oracle and retail behemoth Walmart came together to save TikTok from the US ban, forming a new company called TikTok Global.
The Journal, citing unnamed sources, said the Biden administration had indefinitely shelved the plan to require the sale of TikTok, owned by China's ByteDance, to US tech giant Oracle with Walmart as a retail partner. Pic/AFP
The TikTok-Oracle deal that had the blessing of former US President Donald Trump has been shelved indefinitely, allegedly at the behest of the new administration, the media reported on Wednesday.
According to a report in The Wall Street Journal, US President Joe Biden has undertaken "a broad review of his predecessor's efforts to address potential security risks from Chinese tech companies".
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