, TikTok sale to Oracle, Walmart has been ‘shelved indefinitely,’ report says – Source CNET Tech, iBSC Technologies - learning management services, LMS, Wordpress, CMS, Moodle, IT, Email, Web Hosting, Cloud Server,Cloud Computing
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TikTok sale to Oracle, Walmart has been ‘shelved indefinitely,’ report says – Source CNET Tech

, TikTok sale to Oracle, Walmart has been ‘shelved indefinitely,’ report says – Source CNET Tech, iBSC Technologies - learning management services, LMS, Wordpress, CMS, Moodle, IT, Email, Web Hosting, Cloud Server,Cloud Computing

James Martin/CNET

A preliminary deal to sell TikTok’s US operations to software company Oracle and retail giant Walmart has been “shelved indefinitely,” according to a report Wednesday from The Wall Street Journal. The pause reportedly comes as the Biden administration undertakes its own review of potential security risks posed by Chinese tech companies’ data collection.

“We plan to develop a comprehensive approach to securing U.S. data that addresses the full range of threats we face,” National Security Council spokeswoman Emily Horne reportedly told the Wall Street Journal. “This includes the risk posed…

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