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Scoop.it!
The president says the bid by Oracle and Walmart would protect the data of TikTok users in the US. 
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Scoop.it!
US retail giant Walmart is the latest firm to bid for the Chinese video sharing app's US operations.
Graham Watson's insight:
The plot thickens as regards the forced sell-off of TikTok's US operations - with Walmart and Microsoft seeming unlikely bedfellows to launch a bid for the Chinese video sharing app. Conglomerate merger gone mad?
Others interested include US tech giant Oracle, but I'm surprised that none of the big Four have shown an interest so far.
Other Chinese apps, such as WeChat are also faced with being banned from operating in the US.
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Scoop.it!
Oracle is now the favourite to take over US operations of the popular Chinese-owned video-sharing app.
Graham Watson's insight:
It seems that the looming deadline for US company's to buy the US operations of video-sharing app TikTok has forced the hand of one or two - with Microsoft's offer to buy the company being rebuffed, seemingly in favour of selling to Oracle.
The whole business has been highly irregular, with the 'forced' sale of the app unusual to say the least.
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The proposed TikTok-Oracle-Walmart deal seems likely to go through, but I don't like the way that things have proceed.
Patriotism is, as they say, the last bastion of the scoundrel, and the same is commonly true of the 'national security' argument in this sort of instance. Did TikTok have any option but to accept the US government position? What is this likely to have done to the sales price and so on.
When governments interfere to this degree, economic efficiency is rarely the winner.