Ireland’s DPC will fine TikTok more than EUR 500M before the end of April for illegally shipping European users’ data to China, Bloomberg’s Samuel Stolton reports. The fine is a result of a lengthy investigation that found TikTok violated the European Union’s General Data Protection Regulation by sending user data to China to be accessed by engineers. The decision will likely include an order for TikTok to suspend the unlawful data processing in China within a set timeframe, Stolton writes. The Fly notes that companies reportedly aiming to buy TikTok or invest in a U.S. version of it include Amazon (AMZN), AppLovin (APP), Meta (META), Microsoft (MSFT), and Oracle (ORCL).
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