Oracle confirms it’s a part of proposal by TikTok-parent ByteDance

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(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)

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