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TikTok is reportedly close to a deal that would solve U.S. national protection worries about its ownership by Chinese tech company ByteDance, by storing all of the movie-sharing app’s U.S. user details with American application huge Oracle.

ByteDance, the Chinese parent enterprise of Culver City-centered TikTok, would not be able to entry U.S. consumer facts beneath the likely deal, Reuters noted on Thursday. These types of an agreement could perhaps conclude a calendar year-and-a-50 % very long saga that started with the Trump Administration’s fears that American facts could be accessed by China’s governing administration.

Former President Donald Trump sought to pressure a sale of the massively popular social media startup and even tried out to ban TikTok from U.S. app merchants. Together with Walmart, Oracle was lined up to spouse with TikTok in September 2020 in a deal that promised to assuage U.S. safety issues.

A U.S. governing administration panel is now in “advanced talks” with TikTok in excess of the proposed Oracle partnership, Axios described on Friday. Reps for TikTok and Oracle did not immediately respond to requests for comment.

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