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ByteDance drops TikTok deal with Oracle after Trump loss: SCMP


Dado Ruvic/Reuters/Illustration
A source told the South China Morning Post that ByteDance is walking away from its US TikTok deal with Oracle.
Trump repeatedly demanded that the Chinese company sell its US holdings over security concerns.
Last week, the Biden administration put the brakes on efforts to ban TikTok in the US.
ByteDance, the Chinese company that owns TikTok, has walked away from a deal to sell its US operations of video platform TikTok to Oracle and Walmart, according to a report from Zhou Xin at the South China Morning Post.
The deal had been forced by threats from the Trump administration to ban TikTok in the US, a threat that has receded since President Joe Biden took office. ....

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ByteDance is walking away from its TikTok deal with Oracle now that Trump isn't in office, report says


TikTok deal with
Trump repeatedly demanded that the Chinese company sell its US holdings over security concerns.
Last week, the Biden administration put the brakes on efforts to ban TikTok in the US.
ByteDance, the Chinese company that owns TikTok, has walked away from a deal to sell its US operations of video platform TikTok to Oracle and
The deal had been forced by threats from the Trump administration to ban TikTok in the US, a threat that has receded since President Joe Biden took office.
A source who declined to be named told SCMP that the deal was brokered to entertain demands from the Trump administration, but now that Trump is gone, the raison d être of the deal is gone with him. ....

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