Report: TikTok Sale Pushed by Trump Is Shelved

The Biden administration has “indefinitely” shelved a proposed U.S. takeover of the popular video app TikTok, according to a Wall Street Journal report.

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FILE - In this Sept. 28, 2020 file photo, a view of the TikTok app logo, in Tokyo. The Biden administration is putting on hold a deal brokered by the Trump administration that would have had Oracle and Walmart buying a big stake in popular video app TikTok, according to a report in the Wall Street Journal, Wednesday, Feb. 10, 2021. (AP Photo/Kiichiro Sato, File)
Image via AP Photo/Kiichiro Sato

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The Biden administration has “indefinitely” shelved a proposed U.S. takeover of the popular video app TikTok, according to a Wall Street Journal report. Last year, the Trump administration brokered a deal that would have had U.S. corporations Oracle and Walmart take a large stake in the Chinese-owned app on national-security grounds. The unusual arrangement stemmed from an order by then-President Donald Trump that aimed to ban TikTok in the U.S. unless it accepted a greater…

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