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Home / World News / Oracle confirms it is part of proposal for TikTok

Oracle confirms it is part of proposal for TikTok

Treasury Secretary Steven Mnuchin said earlier in the day that the Trump administration received a proposal from Oracle over the weekend to make Chinese-owned short video app TikTok a U.S.-headquartered company and will review the plan this week.

world Updated: Sep 15, 2020 08:24 IST
Reuters| Posted by Susmita Pakrasi
Reuters| Posted by Susmita Pakrasi
Reuters
Oracle Corp confirmed on Monday that it was part of a proposal made by TikTok-parent ByteDance
Oracle Corp confirmed on Monday that it was part of a proposal made by TikTok-parent ByteDance(REUTERS)

Oracle Corp confirmed on Monday that it was part of a proposal made by TikTok-parent ByteDance to the U.S. government to become a technology partner for the Chinese firm.

Treasury Secretary Steven Mnuchin said earlier in the day that the Trump administration received a proposal from Oracle over the weekend to make Chinese-owned short video app TikTok a U.S.-headquartered company and will review the plan this week.

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