China’s TikTok, owned by Beijing-based ByteDance, has selected Oracle to be the “technology partner” for its U.S. operations. The proposed deal will undergo a review by the White House, Treasury Secretary Steven Mnuchin told CNBC earlier in the day that Oracle is “part of the proposal submitted by the Treasury Department over the weekend in which Oracle will serve as the trusted technology provider” Microsoft announced on Sunday that its offer to take control of TikTok’s US operations had been rejected by the social media firm.”]
Source: https://www.govinfosecurity.com/tiktok-picks-oracle-as-us-technology-partner-a-14987