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US opens national security review of ByteDance’s Musical.ly acquisition

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The United States has opened a national security review of TikTok’s parent ByteDance over its $1 billion acquisition of short video app Musical.ly, reports Reuters. ByteDance did not seek the clearance of the Committee on Foreign Investment in the United States, which reviews foreign acquisition deals for potential national security issues. The review also stems in part from the committee’s fears that the Chinese government might have access to TikTok’s data and user profiles, according to a CNBC report. US Senators raise national security and censorship concerns against TikTok U.S. Senators Chuck Schumer and Tom Cotton, on October 24, had called for an assessment of national security risks posed by TikTok and other China-based content platforms operating in the US. They said that China's vague patchwork of intelligence, national security, and cybersecurity laws compel Chinese companies such as ByteDance to…

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