Tech & Telecom Law News

Trump Nears Decision on Oracle-TikTok Bid (Correct)

Sept. 16, 2020, 7:52 PM

President Donald Trump is preparing to decide whether to approve Oracle Corp.’s alliance with the Chinese-owned video app TikTok after security experts examined the companies’ proposal.

A U.S. national security panel reviewed the bid Tuesday afternoon, but didn’t make a recommendation that the president approve or reject the deal, according to a person familiar with the matter. Speaking to reporters on the South Lawn of the White House, Trump said his staff are “very close to a deal” and signaled what could be telling support for Larry Ellison, Oracle’s chairman.

“I have a high respect for Larry Ellison,”...

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