US EditionSenate Democrat calls for investigation into TikTok deal
Senator Markey calls for a Congressional probe into TikTok's US joint venture amid concerns over transparency and Chinese influence on its algorithm used by 200 million Americans.
- On Friday, Democratic Senator Ed Markey urged Congress to investigate the ByteDance deal finalized Thursday that creates a majority American-owned joint venture to secure US data.
- Longstanding 2020 legal battles prompted efforts to restrict TikTok starting in August 2020 when President Donald Trump attempted a ban, while the 2024 divestiture statute triggered restructuring a year after taking effect.
- The agreement allocates ownership as 80.1% to American and global investors and 19.9% to ByteDance; three managing investors — Oracle, Silver Lake, and MGX — each hold 15%, while TikTok said US operators will retrain and test the algorithm and Oracle will review source code.
- Lawmakers warned that transparency concerns and scant publicly available information hinder assessment of whether the TikTok deal meets legal and security standards, while the White House and TikTok did not immediately comment.
- The deal positions TikTok after years of dispute as a White House official confirmed both US and Chinese governments signed off, while President Donald Trump said last year the deal met 2024 divestiture requirements.
7 Articles
7 Articles
Senate Democrat calls for investigation into TikTok deal
Sen. Ed Markey (D-Mass.) called for an investigation Friday into a deal that saw TikTok’s American business spun off into a separate entity in order to allow the app to continue operating in the U.S. The deal was finalized Thursday, with TikTok announcing it had officially established the new U.S. venture. “After over a year…
Times of India
The Economic TimesSenator says Congress must investigate TikTok deal, faults lack of details
Democratic Senator Ed Markey said on Friday Congress should investigate a deal by TikTok's Chinese owner ByteDance to establish a majority American-owned joint venture that would secure US data in a bid to avoid a US ban on the social media app.
Senator Calls for Congressional Investigation into TikTok-ByteDance Deal
Democratic Senator Ed Markey urges Congress to investigate TikTok's joint venture with American investors, questioning its implications for national security and data privacy. The deal, involving TikTok's Chinese owner ByteDance, is meant to prevent a U.S. ban. Despite its significance, many details remain undisclosed.
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