Sen. Hawley calls for US to reject Oracle’s TikTok deal

Photo by Leigh Vogel for The Verge

Sen. Josh Hawley is publicly calling on the Treasury Department to reject Oracle’s proposed partnership with TikTok, saying the arrangement is unacceptable on national security grounds.

The deal is currently awaiting a recommendation from the Committee on Foreign Investment in the United States (CFIUS), but it has received praise from Treasury Secretary Steve Mnuchin, who chairs the committee. In an open letter to Mnuchin, Hawley calls on the secretary to take a more skeptical look at the proposal.

“CFIUS should promptly reject any Oracle-ByteDance collaboration, and send the ball back to ByteDance’s court so that the company can come up with a more acceptable solution,” Hawley writes. “ByteDance can still pursue a full sale of TikTok,…

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via The Verge – All Posts

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