TikTok signs deal to give U.S. operations to Oracle-led investor group
NeutralScience
- TikTok has signed an agreement to transfer its U.S. operations to a group of investors led by Oracle, aiming to resolve ongoing national security concerns related to its Chinese parent company, ByteDance. This deal marks a significant step in addressing the U.S. government's apprehensions that have persisted for years regarding data privacy and security risks associated with the platform.
- This development is crucial as it may alleviate tensions between TikTok and the U.S. government, potentially allowing the platform to continue operating in the U.S. market while ensuring compliance with national security regulations. It also highlights the increasing scrutiny of foreign-owned technology companies in the U.S.
— via World Pulse Now AI Editorial System
