Silicon Valley tech giant Oracle is “very close” to sealing a deal to become the US partner to Chinese-owned video app TikTok to avert a ban in the United States, President Donald Trump said Tuesday.
Trump’s comments came a day after US officials confirmed that Oracle was set to make a deal with TikTok parent ByteDance ahead of a deadline set by the US president, who has called the app a national security threat.
“I heard they’re very close to a deal,” Trump told reporters, adding that “we’re going to make a decision pretty soon” on whether to approve the tie-up, which would make Oracle a “trusted technology provider” for TikTok.
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