US TikTok ban: New Oracle deal would violate law requirements, expert says
White House-led talks on the future of TikTok are coalescing around a plan for the biggest non-Chinese investors in parent company ByteDance to up their stakes and acquire the short video app's US operations. The plan, which would see software company Oracle continuing to house US user data while allowing for ByteDance to retain control over the app would be “in violation of the requirements of the law”, said Jonathan Penney, associate professor at Osgoode Hall Law School, York University.
White House-led talks on the future of TikTok are coalescing around a plan for the biggest non-Chinese investors in parent company ByteDance to up their stakes and acquire the short video app's US operations. The plan, which would see software company Oracle continuing to house US user data while allowing for ByteDance to retain control over the app would be “in violation of the requirements of the law”, said Jonathan Penney, associate professor at Osgoode Hall Law School, York University.
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