TikTok Confirms Partnership With Oracle
TIKTOK CONFIRMED MONDAY THAT IT HAS PARTNERED WITH ORACLE IN AN EFFORT TO RESOLVE THE TRUMP ADMINISTRATION’S COMPLAINTS ABOUT THE SHORT-FORM VIDEO APP
(CNN0 – TikTok confirmed on Monday that it has partnered with Oracle in an effort to resolve the Trump administration’s complaints about the short-form video app.
Though TikTok did not mention Oracle by name, it said in a statement to CNN that “we’ve submitted a proposal to the Treasury Department which we believe would resolve the administration’s security concerns.”
The statement comes hours after Treasury Secretary Steve Mnuchin said Oracle was a participant in the package that will be reviewed by the committee on foreign investment in the United States later this week.
Oracle also confirmed its role in the deal.