September 24, 2020
Publication: Politico
The ownership over TikTok is just the latest geopolitical fight between the U.S. and China, and a recently announced deal between TikTok and Oracle is now shrouded in uncertainty. Kobre & Kim’s Wade Weems, a Shanghai-based former U.S. Department of Justice National Security Division prosecutor, offers his thoughts on the deal in Politico.
An initial deal between TikTok and Oracle was quickly shot down by the Trump administration. Now, despite players such as Walmart getting involved, the prospects of a deal are still uncertain. Weems instills a measure of confidence on the future of an agreement, however: “Eventually a deal is probable, albeit one that satisfies no one.”