TikTok US Business US Authorities Review Proposal for Agreement with Oracle September 15, 5:25

Software giant Oracle has confirmed that it is in talks with the Chinese company that runs the app over the acquisition of the US business of the world-famous video-sharing app TikTok.

The proposed agreement has been reported to US authorities and is expected to be reviewed.

Regarding TikTok, President Trump of the United States has ordered the Chinese IT company ByteDance, which operates it, to sell its American business, saying that personal information of users may be misused by the Chinese government and threaten security. It was.



On the 14th, American software giant Oracle confirmed that it was in talks with ByteDance and that the draft agreement between the two was reported to the Ministry of Finance.



It is expected that Oracle will not completely acquire TikTok's US business, but will become a technical partner to protect the personal information of users.



US Treasury Secretary Steven Mnuchin told local media that he would "go ahead with the review this week and report to the president," and said he would come to a conclusion soon.



This time, IT giant Microsoft also announced that it would acquire the US business, but it turns out that no agreement was reached.



In the midst of a series of negotiations, the Chinese government has announced that it will tighten restrictions on overseas transfer targeting advanced technologies such as AI = artificial intelligence, which is also adopted by TikTok, and in the future, Oracle's proposal will be proposed by both the US and Chinese authorities. The focus will be on the final approval from.