The proposed sale of TikTok’s US operations to Oracle and Walmart has been halted. The Wall Street Journal is reporting that the deal has been “shelved indefinitely.”
The deal was initially pushed by then-President Donald Trump over concerns about the company’s Chinese ownership, but President Biden is said to have put a stop to the sale as his own administration conducts a review of its own for possible security risks.
TikTok’s owner, ByteDance, is currently engaged with members of US national security teams to look into data security and specifically how TikTok collects data from American users and how such data might be accessed by the government in China.
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