Oracle Deal With TikTok to Undergo U.S. National Security Review – The Wall Street Journal

The Treasury Department said it would review an agreement for Oracle Corp. and others to revamp TikTok’s U.S. operations with the aim of avoiding a ban of the popular video-sharing app because of its Chinese ownership.

Business software provider Oracle said Monday that it was part of the proposal submitted by TikTok’s Chinese parent ByteDance Ltd. to the U.S. government in which the American tech company would “serve as the trusted technology provider.” TikTok said Monday it believes its proposal submitted to the Treasury…

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