Todd Spangler NY Digital EditorOracle could become the “technology provider” for TikTok under a deal reached with China’s ByteDance, Oracle said Monday, under a Trump administration order forcing the divestiture of TikTok U.S.
assets.The software company’s official confirmation comes after Treasury Secretary Steve Mnuchin said in an interview with CNBC Monday that the U.S.
government received a proposal from Oracle to partner with TikTok. That came after Microsoft said Sunday that ByteDance had rejected its acquisition offer for TikTok.Financial terms of Oracle’s deal for TikTok were not disclosed.
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