WASHINGTON: Ahead of a deadline set by President Donald Trump over video sharing app TikTok, US officials will evaluate a bid that could see American tech giant Oracle become a partner to a Chinese company that has been called a national security risk.
Treasury Secretary Steven Mnuchin confirmed on Monday Washington had received a bid from Oracle concerning TikTok's American operations after the video-sharing app's parent ByteDance rejected a proposal from Microsoft.
But key details about the deal were murky and it remained unclear whether the venture would pass muster with Washington regulators.
"I will confirm that we did get a proposal over the weekend that includes Oracle as the trusted technology partner," Mnuchin said on CNBC, adding that the bid would be handled by a government panel that reviews foreign transactions for national security concerns. "We need to make sure that the code is, one, secure, Americans' data are secure, phones are secure, and we'll be having discussions with Oracle over the next few days with our technical teams," Mnuchin said.
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