Oracle's bid to buy TikTok from Chinese parent ByteDance has reportedly fallen short of requirements from the Trump administration to resolve concerns that the video-sharing app represents a national security concern. The proposed deal has drawn continuing concerns from national security officials that could sway President Donald Trump's decision, people familiar with the deal told Bloomberg News on Wednesday. The Trump administration will make a decision soon on the proposed deal, White House press secretary Kayleigh McEnany said on Wednesday. Oracle's bid to buy TikTok from Chinese parent ByteDance has reportedly fallen short of requirements from the Trump administration to resolve national security concerns'We'll have a decision here in short order,' McEnany said. Marco Rubio and five other Republican senators have called on the Trump administration to reject the deal if ties to Chinese owner Bytedance remain.

Source: Daily Mail September 16, 2020 20:12 UTC