Regulators are having a second look at ByteDance's acquisition of the company.
Enlarge / A stand of TikTok (Douyin) at The First International Artificial Products Expo Hangzhou on October 18, 2019 in Hangzhou, China. (credit: Long Wei | VCG | Getty Images)
A week after members of Congress expressed concern about Chinese ownership of popular short-form video app TikTok, national security regulators are taking a closer look.
Regulators are indeed now reviewing TikTok for national security concerns, Reuters reports.
The review is being run by the Committee on Foreign Investment in the United States, or CFIUS, a formerly obscure interagency group. CFIUS, based out of the Treasury Department, comprises members from a dozen different agencies who review transactions in which an international business acquires a US business for national security concerns.
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