Oracle confirms that it has reached an agreement with tiktok owner to become a "trusted technology provider"
On September 14 local time, after Microsoft confirmed that tiktok had rejected its acquisition request, Oracle confirmed that it had reached an agreement with byte hop, the Chinese owner of tiktok, to become its "trusted technology provider", but the agreement still needs to be approved by the US government.
"Oracle confirmed the statement of minister mnuchin, which is part of a proposal submitted by byte hop to the Ministry of finance last weekend, in which Oracle will become a reliable technology provider," Oracle said on the 14th
Mnuchin told CNBC on the morning of the 14th that the US government planned to review the transaction this week. "I just from our standpoint, we need to ensure that the code is secure, the data of the American people is secure, and the telephone information is secure. Our technical team is looking forward to the next discussion with Oracle." (CCTV reporter Gu Xiang)