The United States government has received a bid from Oracle for Tik Tok’s US operations after Byte Dance rejected Microsoft’s proposal on September 14.
US Treasury Secretary Steven Mnuchin confirmed the offer and said the Oracle will be handled by government panel that reviews foreign transactions for national security concerns.
The US Treasury said to the media that the government needs to be sure about the security of the app and will be having discussions with Oracle over the next few days with the government’s technical team.
Meanwhile, Oracle confirmed that the company “is part of the proposal by ByteDance to the Treasury Department over the weekend in which Oracle will serve as the trusted technology provider,” the report added.
US President Donald Trump had ordered the sale of TikTok’s US operations by 20 September, after which the app would shut down.
Donald Trump had on 14 August asked TikTok’s parent company ByteDance to divest the US operation of the app within 90 days, citing national security reasons. Trump had claimed that TikTok is a national security threat and has close ties to the Chinese government.
TikTok sued the United States government on August 24, accusing it of depriving the platform of due process when President Trump issued an executive order to block it from operating in the country.