Oracle confirms it is part of proposal for TikTok

Oracle confirms it is part of proposal for TikTok

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.

Smartphone with Tik Tok logo is seen in front of displayed Oracle logo in this illustration
A smartphone with the Tik Tok logo is seen in front of a displayed Oracle logo in this illustration taken, Septemeber 14, 2020. REUTERS/Dado Ruvic/Illustration

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.

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

Source: Reuters

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