A fragile deal to put the popular video app TikTok in American control appeared in jeopardy Monday amid disagreement on the ownership structure and Chinese involvement.
The plan unveiled over the weekend would make Silicon Valley data giant Oracle the technology steward for the social platform and allow retail giant Walmart a stake as a commercial partner.
But the deal was being portrayed in different terms in the two countries. Here are key points:
– Ownership –
According to US officials, the deal would establish a new entity called TikTok Global with Oracle managing data security through its cloud servers.