White House seriously considering deal from Oracle to run TikTok
1 week, 3 days ago

White House seriously considering deal from Oracle to run TikTok

Politico  

It comes amid ongoing warnings from congressional Republicans and other China hawks that any new ownership deal — if it keeps TikTok’s underlying technology in Chinese hands — could be only a surface-level fix to the security concerns that led to last year’s sweeping bipartisan ban of the app. One of the three people familiar with the discussions with Oracle said the deal would essentially require the U.S. government to depend on Oracle to oversee the data of American users and ensure the Chinese government doesn’t have a backdoor to it — a promise the person warned would be impossible to keep. The deal is being billed as a “Project Texas 2.0,” a nod to a previous agreement between TikTok and Oracle to relocate American users’ data to servers in Texas and block ByteDance employees in China from accessing it, according to the first person. The Chinese government “will firmly oppose” any forced sale of the company and require ByteDance “to seek governmental approval in accordance with Chinese regulations” for any potential foreign ownership deal, Chinese Commerce Ministry spokesperson Shu Jueting told reporters in March.

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