TikTok sales to US companies have been postponed indefinitely

News

TikTok sales to US companies have been postponed indefinitely

11.02.2021 News

The sale of part of the social network TikTok of the Chinese company ByteDance to the American companies Oracle and Walmart has been suspended for now.

Note that possible security threats from the Chinese technology giant have stopped the process of selling the platform. However, ByteDance continues to negotiate with the US intelligence services about these Americans and prevent access to them by the Chinese government.

The decision was influenced by the fact that the defense of ByteDance in US courts was able to appeal successfully the ban on former US President Donald Trump to work in the country. In addition, the administration of President Joe Biden wants to get TikTok to protect data not by prohibitive measures, but for example, by creating an intermediary company to work with such data.

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