According to US media reports, the U.S. government will approve Oracle's deal with tiktok this week. In a statement yesterday, tiktok said the company had submitted a proposal to the US government.Oracle, meanwhile, said it had agreed with its parent company, TikTok byte beat, to become it
Originally, Microsoft was in the lead in the bid for tiktok, but on Sunday, byte beat rejected Microsoft's offer, and Microsoft later confirmed it.
Although Oracle became TikTok, industry insiders said
before this,U.S. Treasury Secretary manuchin said in an interview that the U.S. Treasury Department received a proposal over the weekend that Oracle, as tiktok's trusted data security compliance partner, represents the resolution of U.S. national security issues. Tiktok will continue to use the United States as its headquarters and create 20000 jobs for the United States.
It is understood that if the proposal submitted by tiktok is approved,Oracle will provide cloud services for tiktok, which does not involve the sale of tiktok or the transfer of tiktok's core technology。
The deadline for tiktok's final solution is September 20. At present, two procedures are in progress, one is the review of tiktok by cfuis of the United States, and the other is the national security review based on the executive order of the president of the United States.