If you, like us, had been wondering whether the incoming US Biden administration would continue with the forced sale of TikTok, it seems the answer is: nope. The Wall Street Journal reported yesterday that the deal involving tech firm Oracle has been “shelved indefinitely”.

However, TikTok may not be home and dry yet. Emily Horne, spokesperson for the National Security Council in the US, told the WSJ that it’s working on a “comprehensive approach to securing US data that addresses the full range of threats we face”.

That will include “the risk posed by Chinese apps and other software that operate in the US. In the coming months, we expect to review specific cases in light of a comprehensive understanding of the risks we face”.

TikTok’s parent company ByteDance will now need to decide whether to press ahead with the spin-off and IPO for TikTok that had been planned as part of the forced sale.

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Stuart Dredge

Music Ally's Head of Insight

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