TikTok sale to Oracle shelved by Biden administration

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TikTok’s parent company ByteDance may no longer be required to sell of its US assets to Oracle as the plan to require the social media network to divest its US operations has been pushed back indefinitely by President Biden.

The move comes as President Biden’s administration is now in the process of reviewing the Trump administration’s efforts to address the security risks posed to the United States by Chinese tech companies.

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