Oracle bid for TikTok hasn’t eased security concerns from Trump administration: report

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Oracle Corp.’s bid for Chinese-owned video-sharing app TikTok has prompted concerns within the Trump administration that it still poses national security risks, according to a Bloomberg report late Wednesday. Discussions for a deal continue between the administration, Oracle, and TikTok, unnamed sources told Bloomberg. ByteDance Ltd., the parent company of TikTok, would let Oracle review TikTok’s source code and software to ensure there are no digital backdoors that allow the Chinese government or others to access the data, according to a Wall Street Journal report. President Trump said he will be briefed on the deal on Thursday. Earlier Wednesday, a group of Republican senators sent a letter to the Trump administration outlining their opposition to the proposed deal.

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