A U.S. 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 U.S. government’s effort by TikTok’s owner, China’s ByteDance Ltd.
Read the article: The Wall Street Journal
