Steve Mnuchin China reports record track Department Steve Mnuchin China

Oracle Confirms Bid as TikTok ‘Trusted Technology Provider,’ Deal Pending Trump Administration Approval

Reading now: 989
variety.com

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.

Read more on variety.com
The website celebsbar.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA