Oracle confirms it is part of proposal 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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