There are growing concerns around the proposed Oracle-TikTok deal, according to reports.
Oracle firmed in as the favourite to partner with TikTok in the United States (and possibly Australia) earlier this week, when Microsoft confirmed its bid had been rejected.
On Tuesday, TikTok confirmed it had submitted a proposed deal to the US Treasury Department – the partnership with Oracle – which it hopes will alleviate security concerns around the app.
However, the deal appears to be anything but done.
White House officials are said to still be concerned about the risk the video-sharing app poses to national security, according to Bloomberg.
President Donald Trump addressed the matter on Wednesday, telling reporters: “I’m not prepared to sign off on anything”.
He also said he needed to be “100 per cent on national security” before he can approve the deal between Oracle and TikTok.
There are still questions around how such a deal would be structured.
There have been suggestions that Chinese tech firm ByteDance would keep a majority stake in TikTok’s US operations, with Oracle becoming the app’s ‘trusted technology’ provider.
“Conceptually I can tell you that I don’t like that,” Trump said about this structure.
Trump also said he was surprised the US Government is not able to receive payment from either TikTok or Oracle in exchange for the government approving the deal.
“Amazingly I find that you’re not allowed to do that,” he said. “What kind of a thing is this?”
Flight Centre Travel Group is anticipating some of its biggest years of growth as Australia’s vaccination rollout gains momentum, travel restrictions ease and international borders start re-opening. With travel industry leaders forecasting unprecedented demand for both domestic and international travel as the world moves into a phase of post-COVID management, Flight Centre Australia general manager […]
From the audio producer of The Teacher’s Pet comes The Elements, a new Acast Creator Network podcast hosted by Thredbo survivor Stuart Diver. The Elements is a podcast that journeys into the heart of surviving a natural disaster and will be hosted and distributed by the creator-first podcast company Acast as part of the Acast Creator […]
DoubleVerify has today announced enhancements to its brand safety and suitability solution that include the introduction of DV’s Brand Safety Floor as a turnkey option, extending Brand Suitability Tiers on YouTube, and more. Available to both advertisers and publishers since January 2021, Brand Suitability Tiers allow brands to align suitability settings with their own unique standards, […]
Andrew Piccoli spent his career overseeing some of Australia’s most memorable ad campaigns. Now, he has turned his attention to a particular area of passion: children’s literature. Now retired, Piccoli spent the COVID-19 lockdown writing the story of Dexter the Dahu for children aged between five and nine. He has donated a copy of the charming […]