Trump administration to review Oracle’s deal with TikTok

The US administration will review the “technical partnership” deal that ByteDance, the Chinese owner of popular video-sharing app TikTok, struck with Oracle for the application’s US operations.

The deal comes as TikTok has soared in popularity with American teenagers and become an important battleground in a growing tech war between the US and China.

Steven Mnuchin, US Treasury secretary, said the Committee on Foreign Investment would review the deal this week and decide if it protected the private data of Americans who use the app.

Worth mentioning here is that the Committee on Foreign Investment is an inter-agency panel in the United States that can block deals on national security grounds.

“We will be reviewing that at the Cfius committee this week, and then we’ll be making a recommendation to the president,” Mr Mnuchin, who chairs the Cfius process, told CNBC.




Readers like you help support The Tech Outlook. When you make a purchase using links on our site, we may earn an affiliate commission. We cannot guarantee the Product information shown is 100% accurate and we advise you to check the product listing on the original manufacturer website. Thetechoutlook is not responsible for price changes carried out by retailers. The discounted price or deal mentioned in this item was available at the time of writing and may be subject to time restrictions and/or limited unit availability. Amazon and the Amazon logo are trademarks of Amazon.com, Inc. or its affiliates Read More

Advertisement

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More