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Oracle confirms deal with TikTok-owner ByteDance to become ‘trusted technology provider’

Posted on AllSides September 14th, 2020
From The Center

Oracle on Monday confirmed it has struck a deal with ByteDance, the Chinese owner of popular video-sharing app TikTok, weeks after the Trump administration ordered a TikTok divestiture in the United States.

The deal still needs U.S. government approval.

“Oracle confirms Secretary Mnuchin’s statement that it is part of the proposal submitted by ByteDance to the Treasury Department over the weekend in which Oracle will serve as the trusted technology provider,” Oracle said Monday.

Earlier on CNBC, Mnuchin said the U.S. government plans to review the deal this week. “I...

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