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TikTok Sale Still in Trump-Spurred Review, White House Says

  • Biden administration is ‘comprehensively evaluating’ risks
  • Bytedance is discussing data security guarantees with CFIUS
TikTok Branding As Oracle Is Said to Win Deal For US Operations
Photographer: Brent Lewin/Bloomberg
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TikTok owner ByteDance Ltd. is in talks with U.S. regulators to address potential security concerns over data sharing as the company looks to avoid a repeat of the political firestorm last summer when it became a target of former President Donald Trump.

President Joe Biden’s administration is “comprehensively evaluating” risks to U.S. data from companies such as TikTok “and will address them in a decisive and effective fashion,” Press Secretary Jen Psaki said Wednesday during a briefing at the White House.