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Oracle confirms it is part of proposal by TikTok-parent ByteDance

Oracle Corp confirmed on Monday that it was part of a proposal made by TikTok-parent ByteDance to the US government to become a technology partner for the Chinese firm

Topics
Oracle | TikTok | ByteDance

Reuters 

Oracle
Oracle

(Reuters) - Corp confirmed on Monday that it was part of a proposal made by TikTok-parent 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 over the weekend to make Chinese-owned short video app a U.S.-headquartered company and will review the plan this week.

 

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

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Mon, September 14 2020. 19:56 IST
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