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Oracle’s TikTok Bid Leaves Open Some U.S. Security Concerns

  • Trump officials in ongoing discussions about TikTok deal
  • Concerns include data security, bid terms, China’s influence
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Watch: Oracle Corp. will get full access to TikTok’s source code and updates to make sure there are no back doors used by the company’s Chinese parent to access data on the video-sharing app’s 100 million American users.(Source: Bloomberg)
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Oracle Corp.’s bid for TikTok falls short of resolving concerns of Trump administration officials that the Chinese-owned video-sharing app poses a risk to U.S. national security, according to people familiar with the matter.

President Donald Trump has the authority to sign off on a deal, but continuing concerns from national security officials might sway his decision. The agreement remains on the table, with discussions continuing between administration officials and the companies, said the people, who asked not to be named because the talks are confidential.