According to reports, a deal has been reached to sell TikTok’s U.S. entity to a consortium that includes Oracle. But details have not been made available, and a think tank is pushing for full details — a move experts say could impact the confidentiality provisions under which CFIUS operates.
As expected, President Trump issued an Executive Order that would put Chinese-owned TikTok’s U.S. operations into the hands of U.S. and other investors. The move would address national security risks through a number of mitigation terms. We take a look at the terms, and how they differ from market.
Technology reporter Emily Baker-White published a great piece for Forbes last week that analyzed an alleged draft of TikTok’s NSA with CFIUS. The draft appears to give the government “extensive supervision” and “near unfettered access” to the company. Key provisions and details inside.
Brendan Carr, one of the five commissioners at the Federal Communications Commission, told the media that CFIUS should take action to stop U.S. data on TikTok from flowing back to China. “I don’t believe there is a path forward for anything other than a ban,” he said. Details and context inside.
According to media reports, social media platform TikTok is working on a deal with Oracle to store the personal information of U.S. citizens. The arrangement comes after CFIUS ordered Chinese parent company ByteDance to divest TikTok. Details, the update, and more are inside.