The TikTok-Oracle deal is on life support under Biden
Nearly five months after it was announced, a proposed hosting deal between Oracle and TikTok is on permanent hold, according to a report by The Wall Street Journal. The deal has been “shelved indefinitely” pending a broader review of the Trump administration’s China policy, says the Journal, citing sources familiar with the situation.
Oracle announced in September that it was planning to take over as TikTok’s “trusted tech partner” for the United States as part of a broader arrangement by the Trump White House. But the deal was widely criticized as a “glorified hosting deal” that did little to resolve underlying concerns about Chinese government influence over the platform.
The Trump White House had pushed hard for a deal between TikTok…