By The SATimes News Service
San Francisco: Cloud major Oracle has confirmed a deal with ByteDance, the Chinese owner of short video-sharing platform TikTok which has been under pressure to divest its US operations for more than a month now.
The confirmation by Oracle comes a day after Microsoft, which was among the frontrunners to seal a deal for TikTok’s US operations, revealed that its bid was rejected by ByteDance.
“Oracle confirms Secretary (Steven) 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 in a statement.
“Oracle has a 40-year track record providing secure, highly performant technology solutions,” it added.
US Treasury Secretary Mnuchin said that the US government received a proposal from Oracle related to the TikTok deal over the weekend and that the government planned to review the deal this week.
The Donald Trump administration had earlier raised concerns that the Chinese state could have access to TikTok user data.
Both China and TikTok denied the allegations. That, however, did not stop the Trump administration to put pressure on the short video-sharing platform to divest its US operations.
TikTok was banned in India in June, along with 58 other Chinese apps over national security concerns.