Oracle confirms it is part of ByteDance’s proposal for TikTok

Oracle confirms it is part of ByteDance's proposal for TikTok

Oracle confirmed that it was a part of TikTok-parent ByteDance’s proposal to the US government in which it will serve as the “trusted technology provider” for ByteDance.

Treasury Secretary Steven Mnuchin said the government will review the plan this week.

“We’ll be looking to have discussions with Oracle over the next few days with our technical teams,” Mnuchin told CNBC.

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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