Oracle's bid for Chinese-owned TikTok fails to gain approval, report says - Daily Mail

Oracle's bid to buy TikTok from Chinese parent ByteDance has reportedly fallen short of requirements from the Trump administration to resolve concerns that the video-sharing app represents a national security concern.

The proposed deal has drawn continuing concerns from national security officials that could sway President Donald Trump's decision, people familiar with the deal told Bloomberg News on Wednesday. .

The Trump administration will make a decision soon on the proposed deal, White House press secretary Kayleigh McEnany said on Wednesday.

Oracle's bid to buy TikTok from Chinese parent ByteDance has reportedly fallen short of requirements from the Trump administration to resolve national security concerns.

Marco Rubio and five other Republican senators have called on the Trump administration to reject the deal if ties to Chinese owner Bytedance remain.

Rubio, the first senator to call on the administration to investigate TikTok over censorship concerns, said in the letter to Trump that 'serious questions' remained about Oracle's role, the technology it would provide to Bytedance, and the future of the application's algorithm.

'We are heartened that this deal still requires government approval, and if reports indicating this proposed deal will retain links to ByteDance or other Chinese-controlled entities, we strongly urge the administration to reject such a proposal on national security grounds,' he added.

Trump had previously made clear he sought a full-scale sale of the app to an American technology company, amid concerns among national security officials that Bytedance could provide American user data to the Chinese government. .

Chinese officials have said ByteDance should not be coerced by the United States into a deal.