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Inside the ‘Mess’ of TikTok’s Oracle Deal: 3 Things to Watch

Signing a multibillion-dollar deal is never easy — and that’s especially the case with Oracle’s proposed bid to take over TikTok’s U.S. operations. The bid appeared to be nearing the finish line this past weekend, only to hit more roadblocks on Monday. “This whole process has been a mess,” Martin Chorzempa, a research fellow at the Peterson Institute for International Economics, told the Associated Press — and that was a week ago, before the latest ups and downs. Lingering questions remain about the framework of the deal, as well as reservations the Trump administration has over data security concerns, leading to more questions than answers. Here are three to consider: 1. Do we have a deal? This is the big one, obviously. And right now, the answer seems to change by the hour. On Saturday, President Trump said he had given his “blessing” to the proposed Oracle-TikTok deal, “in concept.” On Monday, though, he appeared to walk back that statement. Just two days later, in an appearance on Fox News, the president said his administration would not approvd any deal that would allow ByteDance, TikTok’s Beijing-based parent company, with some control of TikTok Global, the U.S. subsidiary that would stem...

Read original story Inside the ‘Mess’ of TikTok’s Oracle Deal: 3 Things to Watch At TheWrap