TikTok, Oracle confirm broad strokes of a deal to avert U.S. app ban

The looming and questionably possible TikTok ban seems to have been averted, with TikTok having shared the broad strokes of a pending deal on Twitter.

The social network's PR account released a statement running through the top-level details on Saturday night. "We are pleased that the proposal by TikTok, Oracle, and Walmart will resolve the security concerns of the U.S. administration and settle questions around TikTok's future in the U.S," the statement begins.

Oracle chimed in shortly after to share TikTok's statement and voice its own endorsement of the deal. "We look forward to working with you," the tweet read. Read more...

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