BEIJING (Reuters): ByteDance's proposal for US software firm Oracle Corp to become a technology partner in its TikTok app will ultimately need approval from both Chinese and US officials, the company said on Thursday (Sept 17).
The proposal, submitted to the Trump administration over the weekend, envisages Oracle becoming a “trusted” technology partner and making TikTok Global a US-headquartered company. A person with knowledge of the matter told Reuters that ByteDance is to hold majority ownership of TikTok.
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