December 7, 2022

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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 stability concerns more than its possession by Chinese tech firm ByteDance, by storing all of the video clip-sharing app’s U.S. consumer data with American software large Oracle.

ByteDance, the Chinese parent organization of Culver City-primarily based TikTok, would not be in a position to accessibility U.S. user information less than the possible offer, Reuters noted on Thursday. Such an agreement could perhaps end a 12 months-and-a-50 % prolonged saga that commenced with the Trump Administration’s issues that American info could be accessed by China’s governing administration.

Previous President Donald Trump sought to pressure a sale of the vastly well-liked social media startup and even experimented with to ban TikTok from U.S. application retailers. Along with Walmart, Oracle was lined up to husband or wife with TikTok in September 2020 in a offer that promised to assuage U.S. protection concerns.

A U.S. governing administration panel is now in “advanced talks” with TikTok above the proposed Oracle partnership, Axios described on Friday. Reps for TikTok and Oracle did not right away react to requests for comment.

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