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TikTok sale to Oracle and Walmart shelved as Biden reviews security, say reports

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February 10, 2021 at 03:05PM

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Deal would have shifted video app’s US assets into new entity to prevent total ban on use

Oracle and Walmart’s plan to buy TikTok’s US operations has reportedly been pushed back indefinitely, as the US president, Joe Biden, reviews the previous administration’s efforts to address potential security risks posed by Chinese tech companies.

The administration of the former president Donald Trump had cited national security concerns in its targeting of TikTok, arguing the personal data of US users could be obtained by China’s government. TikTok denies the allegation.

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TikTok sale to Oracle and Walmart shelved as Biden reviews security, say reports …

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