Republican Senators Send Letter To Trump Opposing TikTok-Oracle Deal

(Bloomberg) — A group of Republican senators sent a letter to the Trump administration Wednesday outlining their opposition to a proposed deal between Oracle Corp. and ByteDance Ltd. that would allow the Chinese company to maintain majority ownership of TikTok, despite an order by the U.S. president that the popular video app sever its ties to China on national security concerns.The lawmakers are trying to get ahead of a ruling expected this week by the Committee on Foreign Investment in the U.S., or Cfius, on a plan that includes Oracle as a “trusted technology partner.” TikTok sent a proposal to …read more

Source:: Yahoo Finance