Oracle confirms it’s a part of proposal 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 develop into a expertise accomplice for the Chinese language agency.

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


(Reporting by Neha Malara and Munsif Vengattil in Bengaluru; Modifying by Sriraj Kalluvila)

(Solely the headline and film of this report could have been reworked by the Enterprise Normal workers; the remainder of the content material is auto-generated from a syndicated feed.)