The US government has opened a national security probe into TikTok's $$78 billion acquisition of the social media app Musical.ly. The Committee on Foreign Investment in the United States is examining the deal after claiming that TikTok did not seek clearance from the committee when completing the transaction two years ago. TikTok has been subject to growing criticism by US lawmakers recently over concerns regarding its data collection processes and claims that Beijing censors content seen by US users.
The US government has opened a national security probe into TikTok's $1bn acquisition of the social media app Musical.ly. The Committee on Foreign Investment in the United States is examining the deal after claiming that TikTok did not seek clearance from the committee when completing the transaction two years ago. TikTok has been subject to growing criticism by US lawmakers recently over concerns regarding its data collection processes and claims that Beijing censors content seen by US users.