Oracle Deal With TikTok to Undergo U.S. National Security Review – USA DAILY NEWS

Oracle Deal With TikTok to Undergo U.S. National Security Review

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The Treasury Department said it would review a deal by Oracle Corp. for TikTok’s U.S. operations aimed at avoiding a ban of the popular video-sharing app because of its Chinese ownership.

Business software provider Oracle said Monday that it was part of the proposal submitted by TikTok’s Chinese parent ByteDance Ltd. to the U.S. government in which the American tech company would “serve as the trusted technology provider.” It beat out Microsoft Corp. to work with TikTok to address Trump administration concerns that the app’s…