Biden Team Halts Federal Push To Sell TikTok’s US Division — For Now - pymnts.com

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The Biden administration has reportedly put a hold on the Trump administration’s bid to force a sale of TikTok’s U.S. business. Trump pushed for the sale of the popular TikTok video-sharing app to a U.S. buyer over security concerns.

The Wall Street Journal reported Wednesday (Feb. 10) that the new administration wants a broad review of Trump’s efforts to deal with potential security risks from Chinese tech companies. TikTok’s owner is China-based ByteDance.

The previous U.S. plan was to have Oracle and Walmart buy up TikTok. However, the deal had been stymied by ByteDance’s successful legal challenges in the U.S., the WSJ said.

The news report added that talks between representatives of ByteDance and U.S. national security officials have continued. People familiar with the situation said discussions have focused on ways to prevent the information TikTok collects on American users from being accessed by the Chinese government. There is no timeline for when the Biden administration will make a decision.

“We plan to develop a comprehensive approach to securing U.S. data that addresses the full range of threats we face,” National Security Council spokeswoman Emily Horne said. “This includes the risk posed by Chinese apps and other software that operate in the U.S. In the coming months, we expect to review specific cases in light of a comprehensive understanding of the risks we face.”

TikTok has run into trouble around the world as various countries have raised security concerns or even blocked the app. For example, amid cross-border tensions, India banned TikTok and dozens of other China-based apps from its smartphone networks, citing “data sovereignty.”

The European Union launched an investigation into TikTok as well.

Tensions with the U.S. hit a high rolling boil on July 31 as the Trump administration ordered ByteDance to remove TikTok’s U.S. presence within 45 days. This led to wide-ranging talks between ByteDance and various U.S. companies interested in buying the U.S. TikTok business.

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