September 14, 2020

US government confirms receiving Oracle bid for TikTok

Washington (AFP) – Ahead of a deadline set by President Donald Trump over video sharing app TikTok, Washington officials will evaluate a bid that could see US tech giant Oracle become a partner to a Chinese company that has been called a national security risk.US Treasury Secretary Steven Mnuchin confirmed on Monday the government had received a bid from Oracle for TikTok’s American operations after the video-sharing app’s parent ByteDance rejected a proposal from Microsoft.The transaction is being structured as a partnership and probably won’t be an outright sale, The Wall Street Journal repo…

source https://this.kiji.is/en/678272435082167393?c=648607265489716321

Leave a Reply

Your email address will not be published. Required fields are marked *