By Lucas Nolan
https://www.breitbart.com/author/lucas-nolan/
A recent report states that Attorney General William Barr remains unconvinced that a recently announced partnership between the Chinese-owned social media app TikTok and U.S. companies Oracle and Walmart will safeguard user data from Chinese spying.
Fox Business reports that despite the preliminary approval earlier this week of a partnership between the Chinese-owned app TikTok and U.S. firms Oracle and Walmart by President Donald Trump, Attorney General William Barr is not yet convinced that the partnership is sufficient to protect the data of U.S. citizens from the Chinese government.
A spokeswoman for Barr told Fox Business that Barr “is still in the fact-gathering stage and has not reached a final decision or made a final recommendation to the president.” Barr’s concern has reportedly delayed the administration’s approval despite President Trump and Treasure Secretary Steven Mnuchin reportedly being prepared to sign off on the deal. Mnuchin also chairs the Committee on Foreign Investment in the U.S. which has to approve any foreign transaction.
Breitbart News recently reported that a disagreement between TikTok and its potential U.S. partner Oracle over the ownership structure for a U.S.-based version of the company has gone public. The argument raises questions about the stability of the deal that President Donald Trump approved in principle over the weekend, which appeared to save TikTok from being banned in the U.S.
All parties involved in the deal have agreed that Oracle and Walmart would take a combined 20 percent stake in TikTok Global, a new U.S.-based company planned as part of a deal to save the app from being banned over national-security concerns.
https://www.breitbart.com/politics/2020/09/24/report-ag-barr-not-sold-on-tiktok-deal/