In the fraught final months of Donald Trump’s US presidency, he pushed for TikTok to either be sold to an American company or publicly listed, to separate it from Chinese tech giant ByteDance. Oracle was the US firm in the frame to benefit, but the deal seemed to be toast under Trump’s replacement Joe Biden. Now it seems there *could* still be a TikTok / Oracle deal in the offing to stave off any future threats of regulation of the former in the US.
Reuters reported that TikTok is “nearing a deal for Oracle Corp to store its US users’ information without its Chinese parent ByteDance having access to it, hoping to address US regulatory concerns over data integrity”.
The news reflects the fact that there are still concerns within the US political establishment about TikTok’s relationship with its parent company. “A dedicated U.S. data management team of hundreds of people acting as a gatekeeper for U.S. user information and ringfencing it from ByteDance will be set up under the agreement,” claimed Reuters.