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

- Advertisement -

(Reuters) – Oracle Corp confirmed on Monday that it was a part of a proposal made by TikTok-parent ByteDance to the U.S. govt to change into a automation accomplice 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 assessment the plan this week.

- Advertisement -


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


[Attribution Business Standard.]

- Advertisement -