Trump Senior Adviser: The final decision on TikTok has not yet been made
US President Trump’s son-in-law and senior adviser Jared Kushner said that he believes that no final decision has been made on Oracle’s TikTok proposal . Kushner said in a CNBC interview that he hopes Oracle’s plan will be qualified. He also said that he talked about it with Treasury Secretary Steven Mnuchin this morning and the plan will be submitted to Trump.
Kushner also said that the TikTok transaction has nothing to do with the relationship between Oracle and Trump.
TikTok issued a statement on the 14th that the company has submitted a plan to the US government. American Oracle said on the same day that it had reached an agreement with TikTok’s parent company ByteDance to become its “trusted technology provider”, but the agreement still needs the approval of the US government.
IT House learned that TikTok said in the statement: “It can be confirmed that it has submitted a plan to the US Treasury Department. I believe this plan can solve the security concerns of the US government. This plan can help TikTok continue to support ownership in the US The operation of the platform of 100 million users, users like to establish connections and entertainment on this platform. At the same time, there are hundreds of thousands of small businesses and creators who rely on TikTok to make a living and expand meaningful businesses.”
It is reported that if this plan is approved, Oracle will provide TikTok with cloud services. It does not involve the sale of TikTok as mentioned by Trump, nor does it involve the transfer of TikTok’s core technology.