ByteDance says proposal for TikTok partnership will need both Chinese and US approval

The proposal, submitted to the Trump administration over the weekend, envisages Oracle becoming a "trusted" technology partner and making TikTok Global a U.S.-headquartered company. A person with knowledge of the matter told Reuters that ByteDance is to hold majority ownership of TikTok.

from Gadgets Now https://ift.tt/33wKGli
via IFTTT