A bid by Oracle to keep TikTok operating in the U.S. by becoming its technology partner doesn't include the payment to the U.S. Treasury demanded by President Trump, but a promise to create 20,000 jobs could satisfy the administration's demands.
A U.S. national security panel reviewing Oracle Corp.’s bid for TikTok was meeting Tuesday afternoon to decide whether to recommend the president approve or reject the deal, according to two people familiar with the matter.
White House advisor Jared Kushner voiced strong support for Oracle’s bid for TikTok during an interview with CNBC earlier Tuesday, even though the proposal could still fall short of Trump’s demands that any deal protect national security and include a payout for the U.S. government. The deal unveiled Monday by Oracle seeks to address the national-security concerns that Trump raised last month when he ordered the sale of TikTok’s U.S. business. The administration says that Chinese ownership of the app poses a threat to American users’ data security and that Beijing could use the service to deliver disinformation and propaganda to the service’s 100 million active users in the U.S.
The companies haven’t fully addressed Trump’s repeated demand for a payment to the U.S. government. “I said the United States has to be compensated, well compensated,” he reiterated earlier this month, a demand that has confounded security experts who say such a payment would stretch his authority under U.S. law.
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