TikTok sale to Oracle, Walmart is shelved as Biden reviews security

A US plan to force the sale of TikTok’s American operations to a group including Oracle Corp. and Walmart Inc. has been shelved indefinitely, people familiar with the situation said, as President Biden undertakes a broad review of his predecessor’s efforts to address potential security risks from Chinese tech companies.

The TikTok deal—which had been driven by then-President Donald Trump—has languished since last fall in the midst of successful legal challenges to the US. government’s effort by TikTok’s owner, China’s ByteDance Ltd.

Discussions have continued between representatives of ByteDance and U.S. national security officials, the people said. Those discussions have centered on data security and ways to prevent the information TikTok collects on American users from being accessed by the Chinese government, they said.