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TikTok sale to Walmart, Oracle stalls as Biden reviews security: Report

The administration of former President Donald Trump had cited national security concerns in its targeting of TikTok, arguing that the personal data of US users could be obtained by China's governmen

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TikTok has been in talks with Walmart and Oracle since September to finalize a deal that would shift TikTok's U.S. assets into a new entity to prevent its total ban on use in the country | Photo: Bloomberg

Reuters
Oracle Corp and Walmart Inc's plan to buy TikTok's US operations has been pushed back indefinitely, as President Joe Biden reviews the previous administration's efforts to address potential security risks posed by Chinese tech companies, the Wall Street Journal reported on Wednesday.
 
The administration of former President Donald Trump had cited national security concerns in its targeting of TikTok, arguing that the personal data of US users could be obtained by China's government, while TikTok denies the allegation.
 
This comes as TikTok's parent, ByteDance, finds itself in a legal tussle with the U.S government, with many federal courts barring the