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Trump Administration to Review Oracle TikTok Proposal, Steve Mnuchin Says

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thewrap.com
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“trusted technology provider” in the U.S.If the deal gets the green light from the feds, Mnuchin told CNBC it would lead to a new wing of the company dubbed “TikTok Global.” (TikTok is owned by Beijing-based ByteDance.) The deal would also lead to about 20,000 new American jobs, Mnuchin said, which could grease the wheels even more when it comes to getting the blessing of President Trump.The president — who signed an executive order last month giving Bytedance 50 days to offload TikTok’s U.S.

operations of the popular video-sharing app to an American firm — has said any deal would need offer a cut to the U.S. government, although it’s unclear if that cut has been agreed to so far.Reps for both the U.S.

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manchestereveningnews.co.uk
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