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Oracle confirms it’s a part of proposal for TikTok

Treasury Secretary Steven Mnuchin stated earlier within the day that the Trump administration acquired a proposal from Oracle over the weekend to make Chinese-owned brief video app TikTok a U.S.-headquartered firm and can evaluation the plan this week.

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Updated: Sep 15, 2020 08:24 IST


Oracle Corp confirmed on Monday that it was a part of a proposal made by TikTok-parent ByteDance(REUTERS)

Oracle Corp confirmed on Monday that it was a part of a proposal made by TikTok-parent ByteDance to the U.S. authorities to turn into a know-how companion for the Chinese agency.

Treasury Secretary Steven Mnuchin stated earlier within the day that the Trump administration acquired a proposal from Oracle over the weekend to make Chinese-owned brief video app TikTok a U.S.-headquartered firm and can evaluation the plan this week.

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