Wednesday, September 23, 2020

Nationwide Safety Panel to Meet on Oracle-TikTok Deal Tuesday

WASHINGTON—A panel of nationwide safety regulators is ready to evaluate on Tuesday Oracle Corp.’s bid to turn into the U.S. expertise companion for the Chinese language-owned TikTok video-sharing app, with a watch towards settling the high-profile deal by a Sept. 20 deadline.

A senior administration official stated the Committee on International Funding within the U.S., which incorporates officers from the Treasury, Commerce and Homeland Safety departments, will evaluate the deal at its common assembly Tuesday afternoon.

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