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WASHINGTON – A US plan to force the sale of TikTok’s US operations to a group including Oracle Corp. and Walmart Inc. has been suspended indefinitely, sources familiar with the situation said, as President Biden undertakes a broad review of his predecessor’s efforts to address the potential. security risks of Chinese technology companies.
The TikTok deal – which was spearheaded by then-President Donald Trump – has languished since last fall amid successful legal challenges to the US government effort by TikTok owner China’s ByteDance Ltd.
Discussions continued between representatives of ByteDance and U.S. national security officials, the people said. These discussions focused on data security and how to prevent the Chinese government from accessing information collected by TikTok about US users.
But no imminent decision on how to resolve the issues surrounding TikTok is expected, as the Biden administration determines its own response to the potential security risk posed by data collection from Chinese tech companies.
“We plan to develop a comprehensive approach to securing US data that addresses all of the threats we face,” said National Security Council spokesperson Emily Horne. “This includes the risk posed by Chinese applications and other software that works in the United States. In the coming months, we plan to examine specific cases in light of a holistic understanding of the risks we face. ”
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